Copper Property CTL Trust declares $0.314653/cert distribution; Q4 JCP store EBITDAR/rent 2.2x

Copper Property CTL Pass Through Trust

Aggregate distribution of $23.60M ($0.314653/certificate) payable Apr 10, record Apr 9.
Q4 2023: Tenant EBITDAR of $72.9M, EBITDAR/rent ratio 2.2x on 130 JCP stores (17.3M sq ft).
TTM as of Feb 3, 2024: Tenant EBITDAR $208.5M, EBITDAR/rent ratio 1.6x.
Comparable store sales for JCP master lease properties declined 4.9% in Q4 2023.

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