dividend
confidence high
sentiment negative
materiality 0.60
Copper Property Trust declares $0.09185/unit distribution; JCPenney Q1 net loss $69M
Copper Property CTL Pass Through Trust
- Cash distribution of $0.091851 per trust certificate payable July 10, 2025 to holders of record July 9, 2025.
- Penney Intermediate Q1 revenue $1.371B (-4% YoY); net loss $69M vs $63M prior year.
- Adjusted EBITDA $2M after $11M restructuring charges; comparable store sales down 3.3%.
- Trailing 12-month EBITDAR/rent coverage ratio of 1.2x; total rent $129.5M.
- JCPenney used $129M cash in operations; period-end cash $140M; $18M capex.
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