October 2026
Largest Real Estate Development Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
Entra, PPI Public Property, Selvaag Bolig, Bevest and Baltic Sea Properties.
 | Entra ASA owns, develops, and manages properties in Norway. It is a commercial real estate company, focusing on large, high-quality, flexible, and environment-friendly office properties in clusters around central public transportation hubs in the cities in Norway. The property portfolio is divided into five different geographic areas Bergen, Oslo, Stavanger, Drammen, and Sandvika. The company leases its properties to the public sector. Rental income accounts for nearly all the company's operating revenue. It also generates income through property appreciation and sale. | $10 | -14% | $1.8B | $5.1B | 13.8x | 17.5x | ||
| Public Property Invest ASA is a real estate company that acquires and manages properties in Norway through its subsidiaries. Its portfolio mainly consists of community service properties with public-sector tenants, centrally located in Norwegian cities. The company has one main operational unit. Its property portfolio is divided into six geographical regions: East, Inland, North, West, South, and Central. | $2 | -30% | $1.5B | $4.2B | 40.0x | 40.3x | ||
| Selvaag Bolig ASA is a housing development group involved in the construction of residential property for sale. It manages the entire value chain from the acquisition of land to completed residential and urban areas. The Group has several thousand homes under development in growth areas in and around various cities in Norway and Sweden. Selvaag Bolig offers a wide variety of housing types, including the lifestyle concept Selvaag Pluss, which features homes with shared spaces and services. Geographically, the Group generates maximum revenue from its business in Norway. | $3 | -4% | $295M | $703M | 3.2x | 52.8x | ||
| KMC Properties ASA is a real estate company whose business is to invest in high-yield industrial and logistical properties, predominantly in the light industry and logistics segment. The company has a diversified portfolio of properties in the Nordics and the Netherlands. The company's portfolio consisted of 66 industrial and logistics properties across the Northern Europe. | $2 | -43% | $218M | $1.3B | 1.3x | 15.1x | ||
| Baltic Sea Properties AS is a Norwegian based open-ended and fully integrated investment company. which invests, develops, rents, and realizes commercial real estate properties and logistic centers. The company’s operations consist of the acquisition, development, and letting of investment properties in Lithuania and some related businesses. It owns, develops, and manages commercial real estate in the Baltics. | $5 | +0% | $45M | $118M | 10.7x | 11.5x | ||
| Median | $3 | -14% | $295M | $1.3B | 10.7x | 17.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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