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    SMPH   PHY8076N1120

SM PRIME HOLDINGS, INC.

(SMPH)
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SM City Grand Central: SM Prime's Newest Mall Destination in Metro Manila

11/23/2021 | 11:30pm EST

Artist's Rendition of SM City Grand Central in Caloocan City

(24 November, 2021, Pasay City)SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is scheduled to open SM City Grand Central on November 26th, Friday. This latest development will add more than 116,000 sqm of gross floor area (GFA) in the Company's mall portfolio providing six levels of retail spaces meant for a whole new level of shopping, dining, entertainment and recreational experiences in the City of Caloocan.

"As the economy starts to re-open given the improving COVID-19 condition in major key areas in the Philippines, primarily here in Metro Manila, we are pleased to welcome customers to our newest mall, SM City Grand Central. The same standard of health and safety protocols will be implemented for a safe and comfortable shopping and dining experience when you visit an SM mall," SM Prime President Jeffrey C. Lim said.

SM City Grand Central will be housing popular local and international retail and dining shops accentuated by stunning mall features that are made for Filipino families to enjoy. It is set to reignite the malling experience in the area just like how it used to be in the early '90s. SM City Grand Central will be opening with more than 70% of space lease awarded, and will have The SM Store, SM Supermarket, Watsons, Miniso, Uniqlo, Crocs, Levi's, Surplus Shop, ACE Hardware, Pet Express, Sports Central, Our Home, SM Appliance, The Body Shop, National Bookstore, China Bank and BDO.

SM City Grand Central is located at the heart of the commercial district of Caloocan with connections to various transportation terminals going in and out of the Metro including LRT 1 via Monumento Station. It will house more than 700 parking slots, 4 Digital Cinemas, 2 Director's Club, 2 Regular Cinemas, Foodcourt, Cyberzone, Department of Foreign Affairs (DFA) Satellite Office, Chapel of Our Lady of the Most Holy Rosary, and The Skylight Park indoor garden.

With Filipino families in mind, The Skylight Park in SM City Grand Central is a first of its kind indoor park set to offer a breather from the bustling city scene, while enjoying al fresco dining in style and self-care activities in its Health and Wellness Zone.

"As when this pandemic started, SM will continue to support the government's COVID-19 response program so that we can all look forward to a better and brighter year ahead," Mr. Lim concluded.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

###

For further information, please contact:

Alexander Pomento

Vice President, Investor Relations

SM Prime Holdings, Inc.

E-mail: alex.pomento@smprime.com

Tel. no.: +632 8862 7940

Disclaimer

SM Prime Holdings Inc. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 04:29:07 UTC.


© Publicnow 2021
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Financials
Sales 2021 83 402 M 1 623 M 1 623 M
Net income 2021 21 996 M 428 M 428 M
Net Debt 2021 272 B 5 295 M 5 295 M
P/E ratio 2021 46,5x
Yield 2021 0,50%
Capitalization 1 016 B 19 843 M 19 761 M
EV / Sales 2021 15,4x
EV / Sales 2022 11,4x
Nbr of Employees 11 695
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 35,20 PHP
Average target price 41,36 PHP
Spread / Average Target 17,5%
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Managers and Directors
Jeffrey C. Lim President & Executive Director
Nai Peng C. Ong Chief Finance Officer & Compliance Officer
Henry T. Sy Chairman
Teresa Cecilia H. Reyes VP-Finance & Corporate Information Officer
Jose L. Cuisia Vice Chairman