Copper Property CTL Pass Through Trust (CPPTL) Form 10-Q — Aug 14, 2026
Copper Property CTL Pass Through Trust reported Q2 2026 net income of $14.7 million ($0.20 per certificate), down from $22.2 million ($0.30) a year earlier, with first-half net income falling to $26.2 million from $38.3 million. The decline reflects a $5.8 million jump in general and administrative expenses driven by litigation legal fees, plus prior-year property sales that reduced the rent base. Core operations remain steady: lease income was $24.4 million in the quarter from 117 retail properties spanning 15.5 million square feet, all leased to Penney Intermediate Holdings LLC, the Simon Property Group and Brookfield Asset Management joint venture formed from the old J.C. Penney estate.
Key figures
- Eps
- 0.2
- Revenue
- 24449000
- Net Income
- 14712000
- Total Debt
- 0
- Total Assets
- 1033874000
- Cash Position
- 34953000
- Ffo h1 2026
- 34750000
- Noi h1 2026
- 37574000
- Net income h1 2025
- 38267000
- Net income h1 2026
- 26175000
- Ga expenses h1 2025
- 2597000
- Ga expenses h1 2026
- 8445000
- Lease income h1 2025
- 49220000
- Lease income h1 2026
- 48895000
- Leasable sqft millions
- 15.5
- Texas lease income pct
- 12.8
- Disputed escrow deposit
- 3000000
- Retail properties owned
- 117
- Certificates outstanding
- 75000000
- Damages sought in lawsuit
- 200000000
- Distributions paid h1 2026
- 38774000
- California lease income pct
- 18.9
- Eps per certificate h1 2025
- 0.51
- Eps per certificate h1 2026
- 0.35
- Ffo per certificate h1 2026
- 0.46
- Trust termination date extended to
- 2026-08-28
- Undiscounted future lease payments
- 1346291000
- Distributions per certificate h1 2026
- 0.52
AI analysis
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