May 2026
📣 VC round data is live. Check it out!
Largest Real Estate Development Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
Olav Thon Eiendomsselskap, Entra, Public Property Invest, Selvaag Bolig and Baltic Sea Properties.
 | Olav Thon Eiendomsselskap is a general real estate company that operates in two segments: shopping centers and commercial property. The vast majority of revenue is derived from its shopping center segment. Olav generates most of its revenue in Norway, followed by Sweden. The company aims to realize portfolio returns through active development, effective management, and satisfied tenants. The company considers merger and acquisition investment as a component of its operational growth strategy. | $35 | -- | $4B | $6B | — | — | ||
| 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. | $11 | -9% | $2B | $5B | 14.1x | 17.6x | ||
| 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 | -7% | $2B | $5B | 40.9x | 37.9x | ||
| Selvaag Bolig ASA is a residential property developer. The company has several homes under development at any given time and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger, and Trondheim. Some of its projects are The ski factory, Langhus 1405, Landas, Lorenskog Stasjonsby, and others. It has two operating segments: Property development and Others. | $4 | +2% | $345M | $759M | 3.4x | 45.7x | ||
| 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 | -8% | $44M | $116M | 10.2x | 10.9x | ||
| 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. | $3 | -66% | $3M | $3M | — | — | ||
| Median | $4 | -8% | $1B | $3B | 12.1x | 27.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.