Recent 8-K filings for CPPTL
Highest-materiality recent filing
Copper Property CTL Trust enters binding agreement to sell 119 properties for $947M to Onyx Partners
- All-cash sale of 119 properties subject to triple-net master lease with Penney Intermediate Holdings LLC.
- Buyer's deposit non-refundable; due diligence completed; closing on or before September 8, 2025.
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JCPenney Q3 net loss of $100M; net sales down 3.8% YoY; store portfolio shows mixed coverage
JCPenney Q3 net loss $100M vs $17M loss a year ago; total revenues $1.422B, down from $1.503B.
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Copper Property Trust portfolio sale to Onyx terminated; buyer sues; $2M deposit to be distributed
Sale of remaining properties to Onyx Partners terminated Dec 26, 2025 because buyer failed to close.
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Sale transaction with Onyx Partners fails to close; deadline set for Dec. 26
Trust announced its sale to an affiliate of Onyx Partners, Ltd. did not close as of Dec. 22, 2025.
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Copper Property CTL Pass Through Trust extends property portfolio sale closing to Dec 22, 2025
Scheduled closing date for sale of remaining property portfolio extended to December 22, 2025.
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Copper Property CTL Trust revises 2025 budget to $15M on unexpected legal costs
Revised 2025 Annual Budget totals $15.0 million in operating expenses, up from prior plan due to unanticipated legal costs.
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Copper Property Trust extends property sale closing to Dec 8, 2025; buyer increases deposit
Buyer increased its deposit and the scheduled closing date extended to December 8, 2025.
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Majority certificateholders direct Copper Property Trust not to amend or delay property sale
On Oct 7, 2025, majority certificateholders delivered a direction letter to the Trustee.
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Penney Intermediate Q2 net income $110M vs loss last year; parent retires $475M debt
Net sales $1,417M, down 3.4% YoY; operating income swung to $126M from a $14M loss.
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Copper Property Trust extends closing date for sale of remaining properties to Nov 7, 2025
Scheduled closing date extended to November 7, 2025, with possibility of further extension under specified circumstances.
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Second Amendment with Onyx Partners affiliate extends portfolio closing to October 8, 2025, with possible further extensions.
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Copper Property CTL Trust enters binding agreement to sell 119 properties for $947M to Onyx Partners
All-cash sale of 119 properties subject to triple-net master lease with Penney Intermediate Holdings LLC.
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Copper Property Trust declares $0.09185/unit distribution; JCPenney Q1 net loss $69M
Cash distribution of $0.091851 per trust certificate payable July 10, 2025 to holders of record July 9, 2025.
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Copper Property Trust declares $0.082087/unit distribution; Q4 same-store sales down 7.4%
Cash distribution of $0.082087 per trust certificate ($6.2M aggregate) payable April 10, 2025 to holders of record April 7, 2025.
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Copper Property CTL Trust pays $0.3229/unit; JCPenney Q3 sales fall 8% YoY
Cash distribution of $24.2M ($0.322926/unit) payable Jan 10, 2025 to holders of record Jan 9, 2025.
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JCPenney Q3 net sales down 8% YoY to $1.41B; net loss narrows to $17M
Q3 net sales $1,410M vs $1,533M YoY (-8%); total revenues $1,503M vs $1,603M.
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Copper Property Trust distributes $19.6M ($0.260844/unit); JCPenney Q2 net loss $33M
Distribution of $0.260844 per trust certificate payable Oct 10, 2024 to holders of record Oct 9, 2024.
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JCPenney Q2 net sales fall 8.9% to $1.47B; net loss of $33M vs profit $36M a year ago
Total net sales $1,467M, down from $1,610M; net loss $33M vs net income $36M in Q2 2023.
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Copper Property Trust pays $0.2794/certificate; JCPenney Q1 net loss widens to $63M
Cash distribution of $0.279359 per certificate ($20.95M total) payable July 10, 2024 to holders of record July 9, 2024.
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JCPenney Q1 net loss widens to $63M; revenue down 9% YoY; comparable store sales -6.3%
Net loss of $63M vs $17M loss in prior year; operating loss of $45M vs $1M income.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.43 · Most common event dividend