OTCMCPPTL
Market cap915mUSD
Dec 23, Last price
12.20USD
1D
-1.53%
1Q
2.09%
IPO
-14.08%
Name
Copper Property CTL Pass Through Trust
Chart & Performance
P/E
13.23
P/S
9.01
EPS
0.92
Div Yield, %
13.77%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
102m
-10.60%
Net income
69m
-20.97%
CFO
92m
+3.40%
Dividend
Sep 09, 20240.10363 USD/sh
Profile
Copper Property CTL Pass Through Trust provides trust services. It was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization and to sell all of its assets. The company was founded on December 12, 2020 and is headquartered in Jersey City, NJ.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY |
|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2019‑12 | |
| Income | ||||
Revenues | 101,582 -10.60% | 113,622 -26.49% | 154,561 | |
Cost of revenue | 31,249 | 42,282 | 57,908 | |
Unusual Expense (Income) | ||||
NOPBT | 70,333 | 71,340 | 96,653 | |
NOPBT Margin | 69.24% | 62.79% | 62.53% | |
Operating Taxes | 64,507 | 82,930 | ||
Tax Rate | 90.42% | 85.80% | ||
NOPAT | 70,333 | 6,833 | 13,723 | |
Net income | 69,161 -20.97% | 87,508 -55.52% | 196,716 | |
Dividends | (126,002) | (824,215) | (261,466) | |
Dividend yield | 16.63% | 82.94% | ||
Proceeds from repurchase of equity | ||||
BB yield | ||||
| Debt | ||||
Debt current | 139,596 | |||
Long-term debt | 75,526 | (49,050) | 676,076 | |
Deferred revenue | 149,285 | 177,323 | ||
Other long-term liabilities | 102,905 | (91,607) | (676,076) | |
Net debt | 37,500 | 449,677 | 1,100,128 | |
| Cash flow | ||||
Cash from operating activities | 92,497 | 89,452 | 78,429 | |
CAPEX | (89) | |||
Cash from investing activities | 22,609 | 156,163 | 793,647 | |
Cash from financing activities | (126,002) | (824,215) | (270,117) | |
FCF | (1,170,378) | (889,982) | ||
| Balance | ||||
Cash | 38,026 | 48,922 | 627,522 | |
Long term investments | (408,053) | (1,051,574) | ||
Excess cash | 32,947 | |||
Stockholders' equity | (858,561) | (812,703) | 1,232,652 | |
Invested Capital | 2,092,559 | 2,214,077 | 2,026,509 | |
ROIC | 3.27% | 0.32% | 0.68% | |
ROCE | 5.70% | 4.96% | 4.68% | |
| EV | ||||
Common stock shares outstanding | 75,000 | 75,000 | 75,000 | |
Price | 10.10 -23.77% | 13.25 | ||
Market cap | 757,500 -23.77% | 993,750 | ||
EV | 794,737 | 1,432,181 | ||
EBITDA | 91,785 | 97,259 | 139,472 | |
EV/EBITDA | 8.66 | 14.73 | ||
Interest | ||||
Interest/NOPBT | ||||