---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-24-000047"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:16:02.646538+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JCPenney Q2 net sales fall 8.9% to $1.47B; net loss of $33M vs profit $36M a year ago

## Summary
- Total net sales $1,467M, down from $1,610M; net loss $33M vs net income $36M in Q2 2023.
- Adjusted EBITDA of $29M for six months ended August 3, 2024, reflecting margin improvements offset by sales declines.
- Liquidity approximately $1.7B at period end; no outstanding borrowings on $1.75B revolving credit facility.
- Gross profit rate improved 70bps to 39.4%; inventory down 2% YoY.
- Comparable store sales for Master Lease properties decreased 7.7% for fiscal Q2 2024.

## SEC filing metadata
- accession: 0001837671-24-000047
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000047/0001837671-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000047/cpt-20240927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-24-000047
- JSON: https://secwatch.observer/filing/0001837671-24-000047.json
- Plain text: https://secwatch.observer/filing/0001837671-24-000047.txt

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