Added to YB: 2025-03-03
Pitch date: 2025-01-09
CPPTL [bullish]
Copper Property CTL Pass Through Trust
+9.15%
current return
Author Info
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Company Info
Copper Property CTL Pass Through Trust owns, operates, and leases retail properties in the United States.
Market Cap
$927.8M
Pitch Price
$11.09
Price Target
14.00 (+17%)
Dividend
16.57%
EV/EBITDA
11.07
P/E
12.87
EV/Sales
9.36
Sector
Real Estate Management and Development
Category
special_situation
Show full summary:
Copper Property CTL Pass Through Trust - $CPPTL
CPPTL: Liquidating trust from JCP bankruptcy. 121 properties, $99.8M annual rent. 9.7% yield, tax-free. Simon/Brookfield JV backstop. SPARC merger strengthens JCP. Portfolio sale expected >$1B. NAV $14-25/sh @ 6-8.5% cap rate. 34% upside potential. Downside limited by 15% tax-equiv yield.
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