secwatch.observer — SEC 8-K summary
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Issuer:     Copper Property CTL Pass Through Trust (CPPTL)
CIK:        0001837671
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001837671-25-000031
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 $0.09185/unit distribution; JCPenney Q1 net loss $69M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837671/000183767125000031/0001837671-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837671/000183767125000031/cpt-20250707.htm
  HTML page:      https://secwatch.observer/filing/0001837671-25-000031

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