secwatch.observer — SEC 8-K summary
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Issuer:     Copper Property CTL Pass Through Trust (CPPTL)
CIK:        0001837671
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001837671-24-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837671/000183767124000021/0001837671-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837671/000183767124000021/cpt-20240405.htm
  HTML page:      https://secwatch.observer/filing/0001837671-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer