Copper Property CTL Trust releases Q1-2026 financial statements

1 min read | Published on 10 Jul 2026, 04:31 AM |Updated on 10 Jul 2026, 04:31 AM

Reviewed by

Naman SScanX News Team

Key Highlights

Copper Property CTL Pass Through Trust filed a Form 8-K with Q1-2026 financials for Penney Intermediate Holdings LLC and JCP store disclosures. The Trust holds 160 retail and 6 warehouse properties from J.C. Penney, aiming to sell them promptly. GLAS Trust Company LLC serves as Trustee, with management by an affiliate of Hilco Real Estate LLC.

*this image is generated using AI for illustrative purposes only.

Copper Property CTL Pass Through Trust has filed a Form 8-K containing the Q1-2026 consolidated financial statements of Penney Intermediate Holdings LLC for the period ended May 2, 2026 and May 3, 2025, respectively. The filing also includes the Q1-2026 Master Lease JCP store performance disclosures. The Trust’s operations consist solely of owning, leasing and selling the Properties.

The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. Its objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC, and the Trust is externally managed by an affiliate of Hilco Real Estate LLC.

Key Details

Aspect	Details
Entity	Copper Property CTL Pass Through Trust
Filing	Form 8-K
Financial Statements	Q1-2026 consolidated financial statements of Penney Intermediate Holdings LLC
Period Ended	May 2, 2026 (Q1-2026) and May 3, 2025
Additional Disclosures	Q1-2026 Master Lease JCP store performance
Properties	160 retail properties and 6 warehouse distribution centers
Trustee	GLAS Trust Company LLC
Manager	Affiliate of Hilco Real Estate LLC

The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (SEC), can be accessed via the Trust’s website at www.ctltrust.net .

What is the current timeline for the sale of the remaining retail and warehouse properties?

How has the performance of JCP stores under the Master Lease impacted the Trust's liquidity?

What are the potential tax implications for beneficiaries as the Trust moves toward full liquidation?

Copper Property CTL Pass Through Trust extends termination date

1 min read | Published on 08 Jul 2026, 04:25 AM |Updated on 09 Jul 2026, 11:14 PM

Reviewed by

Naman SScanX News Team

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Key Highlights

Copper Property CTL Pass Through Trust amended its agreement to extend the Trust Termination Date by 60 days to August 28, 2026, approved by the majority of Certificateholders. The Trust also declared a $6.3 million distribution, or $0.083641 per trust certificate, for the period ended June 30, 2026, payable on July 10, 2026. Established to acquire properties from J.C. Penney, the Trust is externally managed by an affiliate of Hilco Real Estate LLC.

*this image is generated using AI for illustrative purposes only.

Copper Property CTL Pass Through Trust has amended its Trust Agreement to extend the Trust Termination Date by 60 days to August 28, 2026, following written consent from the majority of Certificateholders. The extension provides the Trust additional time to manage its operations and asset disposition strategy. This development was disclosed in a Form 14-C filing, which also noted that additional information, including monthly and quarterly reports, is available on the Trust's website.

Separately, the Trust previously declared an aggregate total distribution of $6.3 million, or $0.083641 per trust certificate, for the period ended June 30, 2026. The payment is scheduled for July 10, 2026, to certificateholders of record as of July 9, 2026, as detailed in a Form 8-K filing.

Distribution Details

The Trust outlined specific payment terms for the upcoming distribution. The table below summarizes the key dates and amounts relevant to certificateholders.

Record Date	Payment Date	Total Distribution	Per Certificate Amount
July 9, 2026	July 10, 2026	$6.3 million	$0.083641

Trust Background

Copper Property CTL Pass Through Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust's operations consist solely of owning, leasing, and selling the Properties. Its objective is to sell the Properties to third-party purchasers as promptly as practicable.

GLAS Trust Company LLC serves as the Trustee of the trust. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. For tax purposes, the Trust is intended to be treated as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d).

What specific asset disposition challenges prompted the need for the 60-day extension?

How will the extension impact the projected timeline for the complete liquidation of the remaining properties?

Is the $6.3 million distribution expected to be the final payout, or are further distributions anticipated before the new termination date?