---
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"
generated_at: "2026-05-16T10:56:51.059981+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JCPenney Q3 net loss of $100M; net sales down 3.8% YoY; store portfolio shows mixed coverage

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837671-26-000004
- JSON: https://secwatch.observer/filing/0001837671-26-000004.json
- Plain text: https://secwatch.observer/filing/0001837671-26-000004.txt

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