SM Prime, AREIT seen driving sectoral growth

By Brix Lelis

Dec 04, 2023 12:27 am

THE Sy family's SM Prime Holdings Inc. (SM Prime) and Ayala-led real estate investment trust company AREIT Inc. will likely lead growth in the property and REIT sectors in the year ahead, Maybank Investment Banking Group said.

'Our top pick in the property sector remains [SM Prime] for its higher revenue share from malls of 57 percent, making it better-positioned to capture the benefits of resiliency in consumer spending,' Maybank said in a recent report.

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