---
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"
generated_at: "2026-05-31T23:07:39.246503+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Copper Property Trust pays $0.2794/certificate; JCPenney Q1 net loss widens to $63M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-24-000035
- JSON: https://secwatch.observer/filing/0001837671-24-000035.json
- Plain text: https://secwatch.observer/filing/0001837671-24-000035.txt

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