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Despite England’s loss to Iceland last night and Brexit throwing markets into chaos, at least one thing in the UK is stable—Queen Elizabeth II's Crown Estate.
The Crown Estate is the property company responsible for generating cash for the Queen, and the value of its real estate holdings shot up 9.7% to a record $15.8B over the last year, Bloomberg reports. Even more impressive, total returns for the company were 17% over the same period.
The Crown Estate oversees nearly all the real estate in London’s St. James district—actual ownership of the real estate was surrendered by the Crown in 1760 to the government in exchange for annual payments on a percentage of earnings. [Bloomberg]
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