Out of 8 PH firms that made it to Forbes' Global 2000 list, 3 corporations have large real estate subsidiaries.
Several of the country’s top public firms have made it to Forbes’ Global 2000, a list that details “the world’s largest, and most powerful public companies.” The companies in the list are measured by a composite score of revenues, profits, assets, and market values. Three out of eight Philippine corporations on the prestigious list are owned by the country’s biggest real estate tycoons.
SMIC (SM Investments Corporation)
CEO: Harley Sy
It’s no surprise that SMIC, the conglomerate of the richest man in the Philippines, Henry Sy, made it to the upper half of the top 2000 companies. SMIC currently sits on the 911th rank on the Global 2000 list. Meanwhile, it ranks 1,508th in Sales, 1,014th in Profit, 1,307th in Assets, and 744th in Market Value. The corporation has a market value of $16.7 billion with sales that reach $5.9 billion. SMIC’s property arm, SM Prime, is mainly involved in residential, office, and commercial real estate.
CEO: Jaime Zobel De Ayala II
The Zobel’s holding corporation, Ayala Corp. is also on the top 2000 list. The oldest PH corporation on the list, the conglomerate is currently ranked 1,344th, on the Global 2000 list. It also ranks 1,408th in Profit, 1,286th in Assets, and 1,097th in Market Value. Ayala has a market cap of $11.2 billion with sales of $3.52 billion. The property segment of Ayala, Ayala Land, is involved in residential, commercial, office, and tourism real estate. Notably, Ayala Corporation has also made it to Forbes’ Asia Fab 50 Companies list.
JG Summit Holdings
CEO: James Go
The holdings company of the John Gokongwei Jr., the second richest man in the Philippines makes it to the 1,525th rank on the Global 2000 list. JG Summit also currently sits on the 1,486th rank in Profit, 1,686th in Assets, and 1,030th in Market Value. The corporation’s real estate subsidiary, Robinsons Land Corporation, mainly develops residential, commercial, and office properties. JG Summit previously made it to Forbes’ Asia’s Fab 50 Companies list back in 2012.
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