Copper Property CTL Pass Through Trust (CPPTL)

CPPTL Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	97.53	100.38	101.58	108.4	160.28
Total Revenue	97.53	100.38	101.58	108.4	160.28
Revenue Growth (YoY	-2.85%	-1.18%	-6.29%	-32.37%	-11.68%
Property Expenses	12.2	12.28	12.61	13.69	15.56
Selling, General & Administrative	15.3	4.91	5.26	8.91	8.89
Depreciation & Amortization	17.45	18.48	19.25	20.69	38.38
Total Operating Expenses	44.95	35.67	37.12	43.3	62.82
Operating Income	52.57	64.72	64.46	65.1	97.46
Interest & Investment Income	1.03	1.34	1.19	0.43	-
Other Non-Operating Income	2.1	0.2	0.57	0.26	-0.4
EBT Excluding Unusual Items	55.7	66.25	66.23	65.78	97.06
Gain (Loss) on Sale of Assets	4.27	9.61	2.94	21.73	119.67
Asset Writedown	-12.95	-2.08	-	-	-2.13
Pretax Income	47.02	73.78	69.16	87.51	214.6
Net Income	47.02	73.78	69.16	87.51	214.6
Net Income to Common	47.02	73.78	69.16	87.51	214.6
Net Income Growth	-36.27%	6.68%	-20.97%	-59.22%	100.92%
Basic Shares Outstanding	75	75	75	75	75
Diluted Shares Outstanding	75	75	75	75	75
EPS (Basic)	0.63	0.98	0.92	1.17	2.86
EPS (Diluted)	0.63	0.98	0.92	1.17	2.86
EPS Growth	-36.27%	6.68%	-20.97%	-59.22%	101.50%
Dividend Per Share	1.710	2.050	1.680	2.300	-
Dividend Growth	-16.59%	22.02%	-26.96%	-	-
Operating Margin	53.91%	64.47%	63.46%	60.06%	60.80%
Profit Margin	48.21%	73.50%	68.08%	80.73%	133.89%
EBITDA	71.88	84.64	84.9	86.46	135.24
EBITDA Margin	73.70%	84.31%	83.58%	79.76%	84.38%
D&A For Ebitda	19.31	19.92	20.44	21.36	37.79
EBIT	52.57	64.72	64.46	65.1	97.46
EBIT Margin	53.91%	64.47%	63.46%	60.06%	60.80%
Funds From Operations (FFO)	73.15	84.74	85.47	86.47	135.44
Adjusted Funds From Operations (AFFO)	73.15	84.74	85.47	86.47	-
FFO Payout Ratio	175.45%	181.40%	147.42%	953.14%	210.60%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.