The Crown Announces Another Record Income Return of £328.8 Million to the Public Finances
The Crown Estate’s annual report and accounts for 2016/17, the organisation’s fifth integrated report, continues to show innovation in reporting and tells a coherent, concise story about how it delivers value beyond the financial.
This year’s report shows the organisation outperforming its market and delivering a record revenue profit of £328.8 million to Treasury, which is up 8.1 per cent compared with 2015/16. Over the last ten years The Crown Estate has contributed £2.6 billion. Overall performance was significantly ahead of the market, with a total return of 8.1 per cent against a bespoke benchmark of 5.8 per cent and an MSCI universe benchmark of 4.4 per cent.
This outperformance reflects many years of disciplined market positioning in its chosen sectors making the business resilient during a time of political and economic uncertainty. For over a decade The Crown Estate has carefully timed its development pipeline, focused on creating brilliant places in the best locations and maintained active support of the UK’s world-leading offshore wind sector.
The full report, including a dynamic business model and more information on The Crown Estate’s Total Contribution approach can be found at www.thecrownestate.co.uk/integrated-annual-report
Media Contact:
Clare Field
0845 241 2342
