{"schema_version":"secwatch.filing_event.v1","accession":"0001837671-24-000035","form_type":"8-K","ticker":"CPPTL","cik":"0001837671","company_name":"Copper Property CTL Pass Through Trust","filed_at":"2024-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.811371+00:00","generated_at":"2026-05-31T23:07:39.246503+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Copper Property Trust pays $0.2794/certificate; JCPenney Q1 net loss widens to $63M","bullets":["Cash distribution of $0.279359 per certificate ($20.95M total) payable July 10, 2024 to holders of record July 9, 2024.","JCPenney Q1 FY2024 net sales $1.368B, down 8.1% YoY from $1.489B; net loss $63M vs. $17M loss a year ago.","Comparable store sales for master lease properties decreased 6.3% in Q1 vs prior year quarter.","JCPenney reported negative consolidated adjusted EBITDA of $3M for Q1, driven by sales declines offset by cost savings.","Tenant portfolio 127 properties, 16.96M sqft; quarterly four-wall EBITDAR/rent coverage 1.1x, TTM 1.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0001837671-24-000035","json":"https://secwatch.observer/filing/0001837671-24-000035.json","markdown":"https://secwatch.observer/filing/0001837671-24-000035.md","text":"https://secwatch.observer/filing/0001837671-24-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1837671/000183767124000035/0001837671-24-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1837671/000183767124000035/cpt-20240708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:07:39.246503+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}