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Recent press releases and 8-K filings for CPPTL.
Copper Property CTL Pass Through Trust Releases Q3 2025 Financials for Penney Intermediate Holdings LLC
CPPTL
Earnings
Debt Issuance
Demand Weakening
- Penney Intermediate Holdings LLC reported a net loss of $100 million for the three months ended November 1, 2025, compared to a net loss of $17 million in the prior year period, with total net sales decreasing to $1,356 million from $1,410 million.
- Subsequent to the quarter-end, Penney Intermediate Holdings LLC repaid all outstanding amounts on its $1.75 billion revolving credit facility, resulting in no outstanding debt on its balance sheet and over $1 billion in liquidity available as of the end of December.
- The company achieved a gross margin of 38.0% in Q3 2025, saw a 1% improvement in trip frequency (marking 18 consecutive months of increases), and identified approximately $150 million in operational synergy opportunities by 2027.
- For the nine months ended November 1, 2025, Penney Intermediate Holdings LLC reported a Consolidated Adjusted EBITDA of $172 million.
Jan 12, 2026, 9:10 PM
Copper Property CTL Pass Through Trust Announces December 2025 Distribution
CPPTL
Dividends
- Copper Property CTL Pass Through Trust announced an aggregate total distribution of $8.4 million, or $0.112130 per trust certificate, for the period ended December 31, 2025.
- This distribution will be paid on January 12, 2026, to certificateholders of record as of January 9, 2026.
- The total distribution for December 2025 includes $6,860,862.50 from Net Rental Income Distribution and $1,548,947.43 from Sales and Capital Activity Distribution.
- No property sales were reported for the month of December 2025.
Jan 7, 2026, 9:15 PM
Copper Property CTL Pass Through Trust Extends Scheduled Closing Date for Property Sale
CPPTL
M&A
- Copper Property CTL Pass Through Trust announced an extension of the scheduled closing date for the sale of its portfolio of remaining properties.
- The new scheduled closing date is December 22, 2025.
- Any further extension of the closing date would require the approval of a majority of the Certificateholders.
- The Trust believes this extension allows sufficient time to complete all steps required for closing and expects the closing to occur in accordance with the terms of the Agreement.
Dec 9, 2025, 3:45 PM
Copper Property CTL Pass Through Trust Announces November 2025 Distribution and Financial Update
CPPTL
Dividends
Earnings
- Copper Property CTL Pass Through Trust announced a total distribution of $6.8 million, equating to $0.090060 per trust certificate, for the period ended November 30, 2025. This distribution is scheduled for payment on December 10, 2025, to certificateholders of record as of December 9, 2025.
- For the period ended November 30, 2025, the Trust reported Net Cash Available for Distribution of $6,754,448.97, comprising $7,294,355.29 from operations and a $(539,906.32) net use of cash from sales/capital activity.
- The Trust, whose objective is to sell properties acquired from J.C. Penney, reported no property sales during November 2025. Its retail portfolio, as of November 30, 2025, includes 117 properties totaling 15,472,339 square feet with a Current Lease Year Rent of $98,530,647.00.
Dec 5, 2025, 9:17 PM
Copper Property CTL Pass Through Trust revises 2025 annual budget
CPPTL
Guidance Update
Legal Proceedings
- Copper Property CTL Pass Through Trust announced its Revised 2025 Annual Budget on November 10, 2025.
- The aggregate budgeted total expense amount for the 2025 Annual Budget is $15,000,000.
- This revision is primarily attributed to unanticipated legal costs.
Nov 10, 2025, 9:58 PM
Copper Property CTL Pass Through Trust Announces October 2025 Distribution and Monthly Report
CPPTL
Dividends
- Copper Property CTL Pass Through Trust announced a total distribution of $0.073336 per trust certificate, or an aggregate of $5.5 million, to be paid on November 10, 2025, to certificateholders of record as of November 7, 2025.
- For the period ended October 31, 2025, the Trust's cash flow details are as follows: | Metric | October 2025 | |---|---| | Net Cash Provided by Operations ($USD) | $6,684,024.87 | | Net Cash Provided by Sales / Capital Activity ($USD) | $(1,183,775.98) | | Net Cash Available for Distribution ($USD) | $5,500,248.89 |
- There were no property sales reported for the month of October 2025.
- As of October 31, 2025, the retail portfolio consisted of 117 properties totaling 15,472,339 square feet with a current lease year rent of $96,598,672.00.
Nov 6, 2025, 9:24 PM
Copper Property CTL Pass Through Trust Releases Q2 2025 Financial Statements for Penney Intermediate Holdings LLC
CPPTL
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Copper Property CTL Pass Through Trust released the Q2 2025 consolidated financial statements for Penney Intermediate Holdings LLC on October 10, 2025.
- For the three months ended August 2, 2025, Penney Intermediate Holdings LLC reported total net sales of $1,417 million and a net income of $110 million, a significant improvement from a net loss of $33 million in the prior year period.
- The company's Q2 sales exceeded expectations, driven by improved traffic trends and the 15th consecutive month of existing customer frequency increase.
- Penney Intermediate Holdings LLC generated approximately $96 million of cash during the period and reported $500 million of available liquidity.
- Subsequent to the quarter, a capital investment from its parent retired the remaining $475 million long-term debt balance, resulting in no outstanding debt on the balance sheet as of the report date.
Oct 10, 2025, 8:14 PM
Copper Property CTL Pass Through Trust Announces Extension of Closing Date
CPPTL
M&A
- Copper Property CTL Pass Through Trust announced an extension of the scheduled closing date for the sale of its portfolio of remaining properties.
- The new scheduled closing date is November 7, 2025, with the possibility of further extensions under certain specified circumstances.
- The extension was granted to allow sufficient time to complete all steps required for closing.
- The Trust continues to strongly believe that all conditions for closing will be satisfied, and that the closing will occur in accordance with the terms and time frames under the Agreement.
Oct 8, 2025, 8:15 PM
Copper Property CTL Pass Through Trust Announces September 2025 Distribution and Reporting Package
CPPTL
Dividends
Earnings
- Copper Property CTL Pass Through Trust announced a total distribution of $17.6 million, or $0.234415 per trust certificate, to be paid on October 10, 2025, to certificateholders of record as of October 9, 2025, for the period ended September 30, 2025.
- For the period ended September 30, 2025, the Trust reported $5,671,007.44 in net cash provided by operations and $11,910,112.84 in net cash provided by sales/capital activity, totaling $17,581,120.28 net cash available for distribution.
- During September 2025, the Trust completed the sale of two retail properties totaling 208,350 square feet, generating a gross sales price of $12,353,855.00.
- The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney, with its operations focused on owning, leasing, and selling these properties.
Oct 7, 2025, 8:21 PM
Quarterly earnings call transcripts for Copper Property CTL Pass Through Trust.
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