---
schema_version: "secwatch.filing_event.v1"
accession: "0001837671-25-000065"
form_type: "8-K"
ticker: "CPPTL"
cik: "0001837671"
company_name: "Copper Property CTL Pass Through Trust"
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:05:57.186225+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Penney Intermediate Q2 net income $110M vs loss last year; parent retires $475M debt

## Summary
- Net sales $1,417M, down 3.4% YoY; operating income swung to $126M from a $14M loss.
- Adjusted EBITDA of $177M in Q2; gross margin steady at 38.7%; credit income $65M, up $6M.
- Parent Penney Holdings LLC retired $475M long-term debt post-quarter, leaving company debt-free.
- Existing $1.75B revolver amended and extended to September 2030; $500M liquidity at Q2 end.
- Net cash from operations $26M YTD; capex $53M driven by long-term growth investments.

## SEC filing metadata
- accession: 0001837671-25-000065
- form_type: 8-K
- ticker: CPPTL
- cik: 0001837671
- company_name: Copper Property CTL Pass Through Trust
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837671/000183767125000065/0001837671-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837671/000183767125000065/cpt-20251010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-25-000065
- JSON: https://secwatch.observer/filing/0001837671-25-000065.json
- Plain text: https://secwatch.observer/filing/0001837671-25-000065.txt

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