With the post-pandemic new normal came a deeply evolved relationship between the Filipino and our community.
Today, our developments create spaces and services that will serve Filipinos from all walks of life, building thriving communities with meaningful connections.
SM Prime’s consolidated net income grew to PHP30.1 billion in 2022, 38% higher than the PHP21.8 billion income registered in 2021, brought about by the performance of our mall business.
We expanded some of our malls and opened new ones outside Metro Manila: SM City Roxas in Capiz, SM City Tanza in Cavite, SM City Sorsogon in Bicol, and SM City Tuguegarao in Cagayan.
This brings our total to 82 malls in the Philippines, with 58 malls in the provincial areas, and 24 malls in Metro Manila. We boosted our renewable energy consumption to more than 50% in our malls in support of the National Renewable Energy Program.
We continued to bring new spaces for Filipino homeowners of all life stages. In 2022, we launched three new residential developments in different provincial cities in the Philippines: Vail Residences in Cagayan de Oro, Now Residences in Pampanga, and Zeal Residences in General Trias, Cavite.
We also opened FourE-Com Center in MOA Complex, Pasay City. Additionally, we also welcomed new developments in Pampanga through the SMX Clark Convention Center, which is nestled alongside SM City Clark and Park Inn Radisson Clark. From our malls and residential developments to hotels, office buildings, and convention centers, we remain committed to making life innovative, conveniently connected and sustainable.
