---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-25-000003"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T09:03:25.684728+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Copper Property CTL Trust pays $0.3229/unit; JCPenney Q3 sales fall 8% YoY

## Summary
- Cash distribution of $24.2M ($0.322926/unit) payable Jan 10, 2025 to holders of record Jan 9, 2025.
- JCPenney Q3 net sales $1.41B (-8% YoY); net loss improved to $17M from $30M loss last year.
- Store four-wall EBITDAR/rent coverage 0.8x in Q3, 1.3x trailing 12 months, reflecting weak coverage.
- Penney Intermediate had $1.4B liquidity; $250M ABL borrowing fully repaid after quarter-end.
- Q3 gross profit rate edged up to 38.7% from 38.5%; credit income rose to $93M vs $70M.

## SEC filing metadata
- accession: 0001837671-25-000003
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837671/000183767125000003/0001837671-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767125000003/cpt-20250107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-25-000003
- JSON: https://secwatch.observer/filing/0001837671-25-000003.json
- Plain text: https://secwatch.observer/filing/0001837671-25-000003.txt

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