Press release, Thursday 7 November 2019 McCarthy & Stone ...

Press release, Thursday 7 November 2019. McCarthy & Stone plc Results in line with expectations, strategy delivery on track with new rental proposition gaining momentum McCarthy & Stone , (the Group') the UK's leading developer and manager of retirement communities, is today issuing an update on its progress with key strategic initiatives together with a trading update for the 14 month financial year ended 31 October 2019 ( 2019'), ahead of reporting its annual results on 28 January 2020. All comparatives are to the 12 month financial year ended 31 August 2018.

Nov 07, 2019 · • Year end net cash5 is expected to be c.£24m (2018: net cash of £4m) notwithstanding the increased level of in-house part-exchange transactions and the seed portfolio of rental properties currently held on the balance sheet prior to onward sale to a strategic rental partner.

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