{"schema_version":"secwatch.filing_event.v1","accession":"0001837671-26-000004","form_type":"8-K","ticker":"CPPTL","cik":"0001837671","company_name":"Copper Property CTL Pass Through Trust","filed_at":"2026-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.466029+00:00","generated_at":"2026-05-16T10:56:51.059981+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"JCPenney Q3 net loss of $100M; net sales down 3.8% YoY; store portfolio shows mixed coverage","bullets":["JCPenney Q3 net loss $100M vs $17M loss a year ago; total revenues $1.422B, down from $1.503B.","Operating loss of $79M vs operating income of $2M in prior-year quarter; gross margin held at 38.0%.","Net sales $1.356B, down 3.8% YoY; credit income fell to $66M from $93M due to one-time adjustment.","As of quarter end, $102M cash; company repaid all $480M long-term debt and $198M revolver post-quarter, leaving no debt.","Master lease portfolio (117 stores) Q3 four-wall EBITDAR $30.4M (0.9x rent cover); TTM EBITDAR $165.8M (1.3x rent cover)."],"urls":{"canonical":"https://secwatch.observer/filing/0001837671-26-000004","json":"https://secwatch.observer/filing/0001837671-26-000004.json","markdown":"https://secwatch.observer/filing/0001837671-26-000004.md","text":"https://secwatch.observer/filing/0001837671-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1837671/000183767126000004/0001837671-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1837671/000183767126000004/cpt-20260112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:56:51.059981+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}