September 2026
Largest Real Estate Services Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Balder, Pandox, Intea Fastigheter and Sveafastigheter.
 | Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group’s business segments are; Helsinki, which derives key income, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate. | $5 | -26% | $6.2B | $23B | 15.9x | 15.7x | ||
| Pandox AB is the owner of hotel properties. The company organizes operations into two segments, namely, Lease and Own operations. In Owns Operation Activities, Pandox both owns hotel properties and runs the hotel operations. The company is active in various countries in Northern Europe. | $18 | -8% | $3.4B | $8.9B | 11.5x | 14.7x | ||
| Intea Fastigheter AB (publ) invests in and manages social infrastructure for long-term management. It provides customized premises for essential services provided by public-sector tenants in the justice, higher education, healthcare, and other public sectors. | $7 | +1% | $1.8B | $3.4B | 20.8x | 16.1x | ||
| Sveafastigheter AB is a real estate company is involved in property development and management. The company operates with two segments: Property management and New construction. Property management refers to properties under management, while New construction refers to properties under construction, project development, and building rights. | $3 | -28% | $610M | $2B | 12.7x | 39.7x | ||
| Median | $6 | -17% | $2.6B | $6.1B | 14.3x | 15.9x |
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