secwatch.observer — SEC 8-K summary
======================================

Issuer:     Copper Property CTL Pass Through Trust (CPPTL)
CIK:        0001837671
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001837671-25-000015
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copper Property Trust declares $0.082087/unit distribution; Q4 same-store sales down 7.4%
--------------------------------------------------------------------------------

- Cash distribution of $0.082087 per trust certificate ($6.2M aggregate) payable April 10, 2025 to holders of record April 7, 2025.
- Monthly report for March 2025 and Q4 2024 Master Lease JCP store performance filed with SEC.
- Master lease portfolio: 121 properties, 16M sq ft; Q4 tenant sales per sq ft $24, four-wall EBITDAR $58.6M, EBITDAR/rent 1.8x.
- TTM tenant sales per sq ft $74, four-wall EBITDAR $159.2M, rent $128.7M, EBITDAR/rent 1.2x.
- Comparable store sales declined 7.4% in Q4 and 6.7% TTM; liquid assets covenant compliance confirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837671/000183767125000015/0001837671-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837671/000183767125000015/cpt-20250404.htm
  HTML page:      https://secwatch.observer/filing/0001837671-25-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer