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:   2026-01-12T23:59:59+00:00
Accession:  0001837671-26-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837671/000183767126000004/0001837671-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837671/000183767126000004/cpt-20260112.htm
  HTML page:      https://secwatch.observer/filing/0001837671-26-000004

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