Saturday, February 10, 2018

Starmalls, Inc. (STR)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Starmalls, Inc. (STR)
Sector
Property
Incorporation Date
Oct 16, 1969
Subsector
Property
Number of employees
198 (Group Total)
Board of Directors
Chairman: Manuel B. Villar, Jr.
Website / E-mail
2. Stock Information
Total Assets
43,683,000,000
Market Capitalization
74,991,232,288.40
Total Liabilities
23,612,000,000
Outstanding Shares
8,425,981,156
Retained Earnings
5,904,000,000
Listed Shares
8,425,981,156
Listing Date
Nov 17, 1970
Issued Shares
8,425,981,156
Board Lot
100
Free Float Level (%)
10.30%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Vista Land & Lifescapes, Inc
88.34%
4. Company Descriptions and Business Development
Notes
1. Related companies: VLL, HVN
2. Manuel B. Villar, Jr., is the father of Manuel Paolo A. Villar.  Manual Villa is a former congressman and senator.
3. Cynthia Villar (wife of Manuel Villar) is a senator and the son Mark Villar is the DPWH secretary as of 2017.
4. Except for the mall under Startmall brand, Villa family operates around 100 “All Day” convenience store and mart as of 2016.
Overview
Its business was mineral exploration but changed to real estate, especially commercial property development. Its subsidiaries, MAPI and MC, are operator and developer of various mass market retail malls and BPO office commercial centers mostly located in the Mega Manila. It is operating around 22 malls and 3 office buildings as of 2016.
Business
Revenue contribution in 2016
Rental
Parking Fees
Real estate sales
Others
4,077,936,489
105,615,365
0
295,659,510
91%
2%

7%
Others include reimbursable tenant fees, maintenance and security fees, advertising, etc. Around P180 millions is the reimbursable tenant fee.

Subsidiaries / Associates / Affiliates / Joint Ventures
Masterpiece Asia Properties, Inc. (MAPI, 100%)
Manuela Corporation (MC, 98.4%)

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