- SM Prime’s 1Q net income increased to 11.7 billion pesos, marking an 11% rise compared to last year.
- Revenue grew by 6.8% year-over-year, reaching 32.8 billion pesos.
- Operating income saw a 14% increase, totaling 16.7 billion pesos.
- The company declared a dividend of 0.48 peso per share for its shareholders.
- Capital expenditures for the first quarter amounted to 19.3 billion pesos.
- SM Prime’s President anticipates double-digit growth in net income for 2025.
- Malls were the largest profitability contributor, representing 69% of total earnings.
- Residential earnings rose by 4%, amounting to 2.1 billion pesos and accounting for 18% of profit.
- The office and warehouse segment earnings went up by 15%, contributing 10% to the overall profit, with 1.2 billion pesos.
- Income from hotels and convention centers increased by 17% to 362 million pesos, contributing 3% to total earnings.
- EBITDA reached 20.2 billion pesos, up from 18.1 billion pesos the previous year.
- The gains in all segments reflect strong domestic demand and the effectiveness of the company’s integrated development strategy, according to President Jeffrey Lim.
A look at Sm Prime Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SM Prime Holdings Inc. is poised for a promising long-term outlook, as indicated by the Smartkarma Smart Scores. With a strong score of 4 in Growth, the company shows potential for expansion and development in various sectors such as residential property, shopping malls, offices, hotels, and convention centers. This suggests that SM Prime Holdings is well-positioned to capitalize on future opportunities for growth.
Although the scores for Dividend, Resilience, and Momentum are moderate, with values of 2, 3, and 3 respectively, the overall positive outlook for SM Prime Holdings remains intact. It is worth noting that the company’s Value score of 3 indicates a fair valuation in the market. Investors looking for a company with solid growth prospects in the real estate and development industry may find SM Prime Holdings an attractive choice based on its favorable Smart Scores.
#### SM Prime Holdings Inc., through its subsidiaries, is engaged in residential property, shopping malls, offices, hotels, and convention centers development. ####
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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