Copper Property CTL Pass Through Trust (CPPTL) stock price is $10.05, unchanged on the day, as of Nov 9, 2026. It has a market cap of $753.75Mn and a P/E ratio of 21.58, and is classified in the Retail REITs industry (Real Estate sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap753.75 Mn
P/E21.58
FCF (Yr)79.32 Mn
ROA (Yr)–
EV to EBIT–
Net Income (Yr)47.02 Mn
Enterprise Value598.79 Mn
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About
Copper Property CTL Pass Through Trust is a New York common law trust formed to own and manage retail and distribution properties previously operated by J. C. Penney Company, Inc. The Trust’s primary business activities involve owning 117 retail properties and managing their leasing operations under master lease agreements to a single tenant. It operates within the real estate sector, specifically focused on the ownership and liquidation of commercial retail assets across…
Copper Property CTL Pass Through Trust is a New York common law trust formed to own and manage retail and distribution properties previously operated by J. C. Penney Company, Inc. The Trust’s primary business activities involve owning 117 retail properties and managing their leasing operations under master lease agreements to a single tenant. It operates within the real estate sector, specifically focused on the ownership and liquidation of commercial retail assets across the United States and Puerto Rico.
The Trust generates revenue primarily through the collection of rental payments from its sole tenant, Penney Intermediate Holdings LLC, under the terms of the Master Leases. Additional revenue is generated from the sale of properties to third-party purchasers when market conditions and Trust Agreement provisions permit such transactions. The Trust does not engage in the development or operation of the properties beyond ownership and oversight of leasing and sales activities.
The company operates through the following segments: no_segments_reported
From a real estate sales perspective, the Trust competes with other retail property owners seeking to sell similar assets in comparable markets. Its ability to achieve favorable sale prices depends on factors such as property location, rental income potential, and suitability for prospective buyers’ operational needs. While the Trust does not identify specific competitors by name, it operates in a competitive landscape influenced by broader economic trends, availability of capital, and local real estate market conditions.
The Trust’s customer base consists of a single tenant, Penney Intermediate Holdings LLC, which leases all of the Trust’s properties under the Master Lease agreements. Penney Intermediate Holdings LLC is an entity formed by and under the control of a joint venture between Simon Property Group, L. P. and Brookfield Asset Management Inc. The Trust does not serve multiple tenants or diversify its customer base beyond this single lessee.
Sector:Real EstateSector rationaleThe company's primary business is owning and managing 117 retail and distribution properties, generating revenue through rental payments from a tenant and the sale of these assets. This aligns exactly with the Real Estate sector's scope of owning, managing, and brokering physical real property.Industries:Retail REITsRetail REITsPrimaryThe Trust owns 117 retail properties and generates its primary revenue from rental payments for these retail assets. Its core business activity is the ownership and liquidation of commercial retail assets.Net Lease REITsNet Lease REITsSecondaryThe Trust's revenue model is based on master lease agreements to a single tenant (Penney Intermediate Holdings LLC) across its portfolio, which aligns with the single-tenant net lease structure described in R-06.Classified using BQ-MICSCIK: 0001837671
Peer percentiles
How Copper Property CTL Pass Through Trust ranks
Ranked against the 149 companies in Property REITs·58 metrics · as of Nov 6, 2026
Valuation
12 metrics · Lower multiples rank higher; a negative multiple ranks last
WorseBetterPeer median
P/E21.6xMedian 26.5x76th
P/FCF10.1xMedian 21.7x91st
P/Operating cash flow10.1xMedian 13.0x69th
P/S—Median 4.23xNo data—
P/B0.82xMedian 1.33x74th
P/Tangible book1.00xMedian 1.36x67th
EV/EBITDA—Median 14.4xNo data—
EV/EBIT—Median 24.2xNo data—
EV/Revenue—Median 7.89xNo data—
EV/FCF9.66xMedian 40.0x98th
EV/Operating cash flow9.66xMedian 20.8x96th
PEG (3Y EPS CAGR)EPS is not growing−0.85Median 1.78Not meaningful—
Growth
14 metrics · Year-on-year growth and three-year compound annual growth