---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-24-000049"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:29:26.347681+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Copper Property Trust distributes $19.6M ($0.260844/unit); JCPenney Q2 net loss $33M

## Summary
- Distribution of $0.260844 per trust certificate payable Oct 10, 2024 to holders of record Oct 9, 2024.
- JCPenney Q2 (Aug 3, 2024) total revenues $1,526M vs $1,681M YoY; net loss $33M vs profit $36M.
- JCPenney six-month net loss $96M vs profit $19M; adjusted EBITDA $29M vs $108M prior year.
- Retail portfolio: 126 properties, 16.8M sq ft; tenant EBITDAR/Rent 1.3x (Q2) and 1.4x (TTM).
- JCPenney liquidity ~$1.7B, no borrowings on $1.75B revolver; inventory down 2% YoY.

## SEC filing metadata
- accession: 0001837671-24-000049
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: dividend
- 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/1837671/000183767124000049/0001837671-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000049/cpt-20241007.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-24-000049
- JSON: https://secwatch.observer/filing/0001837671-24-000049.json
- Plain text: https://secwatch.observer/filing/0001837671-24-000049.txt

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