CPPTL on OTC
Copper Property CTL Pass Through Trust
American real estate company, incorporated in New York, listed on OTC (CPPTL). Summary from the record
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Last updated Oct 19, 2026.
Overview
- TickerCPPTL on OTC1
- IndustryReal Estate1
- HeadquartersPlano, Texas1
- Incorporated inNY3
- Business address6501 Legacy Drive, Plano, Tx 750243
- Filer category, Emerging growth company3
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Copper Property CTL Pass Through Trust, a New York common law trust (the “Trust,” “we,” “our” or “us”) was formed on December 12, 2020, in connection with the reorganization of Old Copper Company, Inc. (f/k/a J. C. Penney Company, Inc.) (“Old Copper”), and became effective on January 30, 2021 (the “Effective Date”) pursuant to the terms of the Amended Joint Chapter 11 Plan of Reorganization of Old Copper and certain of its subsidiaries (collectively, the “Debtors”) (the “Plan of Reorganization”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Lease income | $97.5M | $100.4M | $101.6M |
| Operating expenses | $12.2M | $12.3M | $12.6M |
| Depreciation and amortization | $17.5M | $18.5M | $19.2M |
| Provision for impairment of investment properties | $13.0M | $2.1M | $0 |
| General and administrative expenses | $15.3M | $4.9M | $5.3M |
| Total expenses | $57.9M | $37.7M | $37.1M |
| Gain on sales of investment properties, net | $4.3M | $9.6M | $2.9M |
| Other income | $3.1M | $1.5M | $1.8M |
| Total other income | $7.4M | $11.1M | $4.7M |
| Net income | $47.0M | $73.8M | $69.2M |
| Net income per certificate - basic (in usd per share) | $0.63 | $0.98 | $0.92 |
| Net income per certificate - diluted (in usd per share) | $0.63 | $0.98 | $0.92 |
| Weighted average number of certificates outstanding basic (shares) | 75.0M shares | 75.0M shares | 75.0M shares |
| Weighted average number of certificates outstanding diluted (shares) | 75.0M shares | 75.0M shares | 75.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land and improvements | $352.0M | $368.6M | ||
| Building and other improvements | $442.4M | $457.3M | ||
| Gross investment properties | $794.4M | $825.9M | ||
| Less: accumulated depreciation | -$63.6M | -$52.1M | ||
| Net investment properties | $730.8M | $773.8M | ||
| Cash and cash equivalents | $37.1M | $51.9M | ||
| Accounts receivable, including straight-line rent | $32.0M | $35.4M | ||
| Lease intangible assets, net | $171.0M | $191.3M | ||
| Right-of-use lease assets, net | $77.8M | $83.4M | ||
| Other assets, net | $112.0K | $541.0K | ||
| Total assets | $1.0B | $1.1B | ||
| Accounts payable and accrued expenses | $4.1M | $3.0M | ||
| Lease intangible liabilities, net | $66.2M | $73.2M | ||
| Lease liabilities | $37.8M | $37.8M | ||
| Other liabilities | $8.2M | $8.4M | ||
| Total liabilities | $116.3M | $122.4M | ||
| Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Accumulated distributions in excess of earnings | -$1.0B | -$938.2M | ||
| Total equity | $932.6M | $1.0B | $1.1B | $1.2B |
| Total liabilities and equity | $1.0B | $1.1B | ||
| Trust certificates, authorized (in shares) | 75.0M shares | 75.0M shares | ||
| Trust certificates, issued (in shares) | 75.0M shares | 75.0M shares | ||
| Trust certificates, outstanding (in shares) | 75.0M shares | 75.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land and improvements | $352.0M | $368.6M | ||
| Building and other improvements | $442.4M | $457.3M | ||
| Gross investment properties | $794.4M | $825.9M | ||
| Less: accumulated depreciation | -$63.6M | -$52.1M | ||
| Net investment properties | $730.8M | $773.8M | ||
| Cash and cash equivalents | $37.1M | $51.9M | ||
| Accounts receivable, including straight-line rent | $32.0M | $35.4M | ||
| Lease intangible assets, net | $171.0M | $191.3M | ||
| Right-of-use lease assets, net | $77.8M | $83.4M | ||
| Other assets, net | $112.0K | $541.0K | ||
| Total assets | $1.0B | $1.1B | ||
| Accounts payable and accrued expenses | $4.1M | $3.0M | ||
| Lease intangible liabilities, net | $66.2M | $73.2M | ||
| Lease liabilities | $37.8M | $37.8M | ||
| Other liabilities | $8.2M | $8.4M | ||
| Total liabilities | $116.3M | $122.4M | ||
| Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Accumulated distributions in excess of earnings | -$1.0B | -$938.2M | ||
| Total equity | $932.6M | $1.0B | $1.1B | $1.2B |
| Total liabilities and equity | $1.0B | $1.1B | ||
| Trust certificates, authorized (in shares) | 75.0M shares | 75.0M shares | ||
| Trust certificates, issued (in shares) | 75.0M shares | 75.0M shares | ||
| Trust certificates, outstanding (in shares) | 75.0M shares | 75.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $47.0M | $73.8M | $69.2M |
| Depreciation and amortization | $17.5M | $18.5M | $19.2M |
| Provision for impairment of investment properties | $13.0M | $2.1M | $0 |
| Straight-line rental income, net | $2.2M | $2.3M | $2.3M |
| Amortization of above/below market leases, net | $2.9M | $2.4M | $2.2M |
| Gain on sales of investment properties, net | -$4.3M | -$9.6M | -$2.9M |
| Changes in accounts receivable | $48.0K | -$48.0K | $160.0K |
| Changes in other assets | $576.0K | -$146.0K | $219.0K |
| Changes in right-of-use lease assets | $1.7M | $1.8M | $1.8M |
| Changes in accounts payable and accrued expenses | $925.0K | $1.3M | $201.0K |
| Changes in lease liabilities | $44.0K | $32.0K | $87.0K |
| Changes in other liabilities | -$2.1M | -$252.0K | -$25.0K |
| Net cash provided by operating activities | $79.3M | $92.2M | $92.5M |
| Proceeds from sales of investment properties and deposits received | $34.3M | $75.4M | $22.6M |
| Net cash provided by investing activities | $34.3M | $75.4M | $22.6M |
| Distributions paid to Certificateholders | -$128.3M | -$153.7M | -$126.0M |
| Net cash used in financing activities | -$128.3M | -$153.7M | -$126.0M |
| Net change in cash and cash equivalents | -$14.8M | $13.9M | -$10.9M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Copper Property CTL Pass Through Trust, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (2)
- Principal Financial OfficerLarry E. Finger Mar 1, 2021 to Mar 1, 202112
- Principal Executive OfficerNeil Richard Aaronson Mar 1, 2021 to Mar 1, 202113
Filings
219 filings to the SEC since October 2021: 11 annual reports, 16 quarterly reports, 104 major events, 47 insider forms, 26 large holders, 15 other. The latest 20:
- Oct 7, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Sep 8, 2026DEF 14C EDGAR
- Sep 8, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Aug 28, 2026PRE 14C EDGAR
- Aug 26, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 30, 20264 EDGAR
- Jul 10, 2026SCHEDULE 13G EDGAR
- Jul 9, 20268-K EDGAR
- Jul 9, 2026DEF 14C EDGAR
- Jul 7, 20268-K EDGAR
- Jul 6, 20268-K EDGAR
- Jun 29, 2026PRE 14C EDGAR
- Jun 26, 2026PRE 14C EDGAR
- Jun 5, 20268-K EDGAR
- May 27, 202610-K/A EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
The 219 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
78 open-market trades by officers, directors and large owners since October 2021: 6 buys and 72 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | MULE EDWARD A10% owner | Sale | 200,000 | $10.55 | $2.1M | Form 4 |
| Oct 21, 2025 | O'Shea Robert J10% owner | Buy | 541,256 | $12.13 | $6.6M | Form 4 |
| Oct 17, 2025 | O'Shea Robert J10% owner | Buy | 156,200 | $12.13 | $1.9M | Form 4 |
| Sep 9, 2025 | ELMROCK 2 CORP.10% owner | Sale | 45,144 | $12.43 | $561.1K | Form 4 |
| Aug 6, 2025 | MULE EDWARD A10% owner | Buy | 330,000 | $12.43 | $4.1M | Form 4 |
| Aug 5, 2025 | O'Shea Robert J10% owner | Buy | 1,500 | $12.43 | $18.6K | Form 4 |
| Aug 4, 2025 | O'Shea Robert J10% owner | Buy | 70,000 | $12.43 | $870.1K | Form 4 |
| Jul 31, 2023 | Silver Point Capital L.P.10% owner | Sale | 100,000 | $10.50 | $1.1M | Form 4 |
| Jul 28, 2023 | Silver Point Capital L.P.10% owner | Sale | 463,000 | $10.43 | $4.8M | Form 4 |
| Jul 27, 2023 | Silver Point Capital L.P.10% owner | Sale | 160,000 | $10.43 | $1.7M | Form 4 |
| Jul 26, 2023 | Silver Point Capital L.P.10% owner | Sale | 44,000 | $10.43 | $458.9K | Form 4 |
| Jul 25, 2023 | Silver Point Capital L.P.10% owner | Sale | 40,000 | $10.43 | $417.2K | Form 4 |
| Jul 24, 2023 | Silver Point Capital L.P.10% owner | Sale | 125,000 | $10.43 | $1.3M | Form 4 |
| Jul 21, 2023 | Silver Point Capital L.P.10% owner | Sale | 444,000 | $10.35 | $4.6M | Form 4 |
| Jul 20, 2023 | Silver Point Capital L.P.10% owner | Sale | 800,400 | $10.35 | $8.3M | Form 4 |
| Jul 18, 2023 | O'Shea Robert J10% owner | Sale | 28,000 | $10.35 | $289.8K | Form 4 |
| Jul 17, 2023 | O'Shea Robert J10% owner | Sale | 269,000 | $10.35 | $2.8M | Form 4 |
| Jul 14, 2023 | O'Shea Robert J10% owner | Sale | 50,000 | $10.35 | $517.5K | Form 4 |
| Jun 30, 2023 | MULE EDWARD A10% owner | Sale | 20,000 | $10.38 | $207.6K | Form 4 |
| Jun 28, 2023 | MULE EDWARD A10% owner | Sale | 120,000 | $10.38 | $1.2M | Form 4 |
All 78 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WHITEBOX ADVISORS LLCSCHEDULE 13G, 1 filing Jul 10, 202614
- Owl Creek Asset Management, L.P.SCHEDULE 13G, 5 filings Feb 10, 2022 to May 15, 202615
- Silver Point Capital, L.P.SCHEDULE 13G/A, 8 filings Feb 14, 2022 to Feb 17, 202616
- BYWAY 1 CORP.SCHEDULE 13D/A, 1 filing Oct 8, 202517
- Spencer B. HaberSCHEDULE 13D/A, 2 filings Oct 1, 2021 to Oct 8, 202518
- BRIGADE CAPITAL MANAGEMENT, LPSC 13G/A, 3 filings Feb 14, 2022 to Nov 14, 202419
- Sculptor Capital LPSC 13G/A, 4 filings Mar 17, 2022 to Nov 14, 202420
- Brigade Capital Management GP, LLCSC 13G/A, 1 filing Feb 13, 202421
- Sixth Street Partners Management Company, L.P.SC 13G, 1 filing Feb 14, 202222
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Ancora Advisors LLC | 52,595 | $557.5K | 0.0% | +38,795 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
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