Copper Property CTL Pass Through Trust (CPPTL)
Copper Property CTL Pass Through Trust operates in the Asset Management industry of the Financial Services sector, headquartered in Jersey City, NJ, US. The stock last traded at $10.78, up 0.00% on the session, giving a market capitalisation of $808.5M. On trailing twelve-month figures it carries a trailing P/E of 19.02, a net margin of 40.6%. Its beta of 0.10 implies it has historically moved less than the broad market.
Operating as a specialized trust, Copper Property CTL Pass Through Trust offers various trust-related services. Its formation was specifically designed to facilitate the purchase of 160 retail locations and 6 warehouse distribution facilities from J.C. Penney. This acquisition represented a key element of J.C. Penney's Chapter 11 restructuring initiative, with the Trust's ultimate mandate being the subsequent liquidation of these entire holdings. The entity commenced its operations on December 12, 2020, and its corporate headquarters are situated in Jersey City, New Jersey.
Copper Property CTL Pass Through Trust is most often compared with the following Financial Services names: