As reporting season for the UK’s listed real estate companies draws to a close, the equities team at investment bank Stifel has pulled out some tongue-in-cheek post-Jubilee number crunching to show how Queen Elizabeth II’s own earnings have held up in comparison.
Analysts led by John Cahill point to the recent Sunday Times Rich List, which pegged the Queen’s personal wealth at £370m as of May.
“This was up £5m over the year, meaning her majesty’s NTA has therefore risen by just 1.4%, significantly underperforming the UK property sector despite owning the 8,000 acre Sandringham Estate and 50,000 acre Balmoral Estate,” the team wrote.
