Alex Arnold

- Copper Property CTL Pass Through Trust released the **Q2 2025 consolidated financial statements** for Penney Intermediate Holdings LLC on **October 10, 2025**.  **[1837671_0001837671-25-000065_cptexhibit992oct25-q2jcpfs.htm:0]** **[1837671_0001837671-25-000065_cpt-20251010.htm:1]** 
- 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.  **[1837671_0001837671-25-000065_penneyintermediateholdin.htm:3]** 
- The company's Q2 sales **exceeded expectations**, driven by improved traffic trends and the **15th consecutive month of existing customer frequency increase**.  **[1837671_0001837671-25-000065_penneyintermediateholdin.htm:1]** 
- Penney Intermediate Holdings LLC generated approximately **$96 million of cash** during the period and reported **$500 million of available liquidity**.  **[1837671_0001837671-25-000065_penneyintermediateholdin.htm:1]** 
- 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.  **[1837671_0001837671-25-000065_penneyintermediateholdin.htm:2]**

Copper Property CTL Pass Through Trust Releases Q2 2025 Financial Statements for Penney Intermediate Holdings LLC

- Copper Property CTL Pass Through Trust announced an **extension of the scheduled closing date** for the sale of its portfolio of remaining properties.  **[1837671_0001837671-25-000063_cptexhibit991oct25ext.htm:0]** **[1837671_0001837671-25-000063_cpt-20251008.htm:1]** 
- The new scheduled closing date is **November 7, 2025**, with the possibility of further extensions under certain specified circumstances.  **[1837671_0001837671-25-000063_cptexhibit991oct25ext.htm:0]** **[1837671_0001837671-25-000063_cpt-20251008.htm:1]** 
- The extension was granted to allow **sufficient time to complete all steps required for closing**.  **[1837671_0001837671-25-000063_cptexhibit991oct25ext.htm:0]** **[1837671_0001837671-25-000063_cpt-20251008.htm:1]** 
- 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.  **[1837671_0001837671-25-000063_cptexhibit991oct25ext.htm:0]** **[1837671_0001837671-25-000063_cpt-20251008.htm:1]**

Copper Property CTL Pass Through Trust Announces Extension of Closing Date

- 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**.  **[1837671_0001837671-25-000060_cptexhibit993sep25.htm:0]** 
- 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.  **[1837671_0001837671-25-000060_cptexhibit991sep25.htm:2]** 
- 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**.  **[1837671_0001837671-25-000060_cptexhibit991sep25.htm:3]** 
- 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.  **[1837671_0001837671-25-000060_cptexhibit993sep25.htm:0]**

Copper Property CTL Pass Through Trust (CPPTL)