---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-24-000063"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:05:16.474723+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JCPenney Q3 net sales down 8% YoY to $1.41B; net loss narrows to $17M

## Summary
- Q3 net sales $1,410M vs $1,533M YoY (-8%); total revenues $1,503M vs $1,603M.
- Q3 net loss improved to -$17M from -$30M YoY; nine-month net loss worsened to -$113M from -$11M.
- Q3 EBITDA $50M; gross margin improved slightly to 38.7% from 38.5%.
- Liquidity ~$1.4B; $250M ABL drawn at quarter-end fully repaid post-period.
- Credit income rose to $93M (vs $70M) on Synchrony card partnership extension gain.

## SEC filing metadata
- accession: 0001837671-24-000063
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: earnings
- 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/1837671/000183767124000063/0001837671-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767124000063/cpt-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-24-000063
- JSON: https://secwatch.observer/filing/0001837671-24-000063.json
- Plain text: https://secwatch.observer/filing/0001837671-24-000063.txt

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