---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-24-000033"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:57:39.141179+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# JCPenney Q1 net loss widens to $63M; revenue down 9% YoY; comparable store sales -6.3%

## Summary
- Net loss of $63M vs $17M loss in prior year; operating loss of $45M vs $1M income.
- Total revenues $1,426M, down from $1,562M; credit income fell to $58M from $73M.
- Consolidated adjusted EBITDA negative $3M; inventory down 9% YoY to $1,674M.
- Liquidity ~$1.6B; no borrowings on $1.75B revolver; long-term debt $474M.
- Master lease comparable store sales -6.3% Q1; TTM sales per sq ft $78; 127 stores.

## SEC filing metadata
- accession: 0001837671-24-000033
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000033/0001837671-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000033/cpt-20240621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-24-000033
- JSON: https://secwatch.observer/filing/0001837671-24-000033.json
- Plain text: https://secwatch.observer/filing/0001837671-24-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.