Copper Property CTL Pass Through Trust Announces Q2 2024 Financial Results and Upcoming Conference Call

Copper Property CTL Pass Through Trust, established to manage and sell 160 retail properties and 6 warehouse distribution centers acquired from J.C. Penney, has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024. The trust has also announced a live conference call scheduled for Tuesday, August 13, 2024, to discuss its financial and operating results with investors and analysts.

The trust, which focuses on owning, leasing, and selling the properties formerly owned by J.C. Penney, aims to dispose of these assets to third-party purchasers as quickly as practicable. This strategy aligns with the trust's structure as a liquidating trust for tax purposes, as defined by United States Treasury Regulation Section 301.7701-4(d).

Investors and interested parties can access the trust's Monthly and Quarterly Reports, along with other SEC filings, through the trust's website at www.ctltrust.net. This transparency allows stakeholders to stay informed about the trust's progress in managing and liquidating its real estate portfolio.

The upcoming conference call, scheduled for 11:00 am CDT (12:00 pm EDT) on August 13, 2024, will provide an opportunity for investors to gain deeper insights into the trust's performance and strategy. Participants can join the call via phone or webcast, with dial-in numbers provided for both U.S. & Canada toll-free and international callers. A replay of the call will be available for 30 days following the event, ensuring that interested parties who cannot attend the live session can still access the information.

The trust's operations are overseen by GLAS Trust Company LLC as the Trustee, with external management provided by an affiliate of Hilco Real Estate LLC. This structure is designed to efficiently manage the properties while working towards the ultimate goal of selling them to maximize value for the trust's beneficiaries.

As with any investment vehicle, the trust faces various risks and uncertainties. The press release includes a forward-looking statement cautioning investors about potential factors that could cause actual results to differ from expectations. These factors are detailed in the trust's Registration Statement on Form 10 filed with the SEC, highlighting the importance of thorough due diligence for potential investors.

The trust's focus on transparency and regular communication with stakeholders through SEC filings and conference calls demonstrates its commitment to keeping investors informed about its progress in managing and liquidating the former J.C. Penney properties. As the retail real estate landscape continues to evolve, the performance and strategy of Copper Property CTL Pass Through Trust may provide valuable insights into the broader market trends and the ongoing transformation of retail property assets.

Investors and industry observers will likely be keen to hear updates on the trust's progress in selling properties, leasing activity, and any challenges or opportunities encountered in the current real estate market. The upcoming conference call may also shed light on how macroeconomic factors and shifts in retail trends are impacting the trust's portfolio and liquidation strategy.