CPPTL - Earnings call 2 2022 | Copper Property CTL Pass Through Trust

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Operator

Good morning, ladies and gentlemen, and welcome to the Copper Property CTL Pass Through Trust Conference Call. [Operator Instructions] Please note that today's conference call is being recorded with an online replay available 1 hour after the conclusion of this call.

Additional information can be found on the Investors section of the company's website at ctltrust.net. After our speakers' remarks, there will be a question-and-answer period. [Operator Instructions]

to Representative, call Mary like Trust's to now Relations Investor Jensen. would turn over the the I

Mary Jensen

Thank you. this online are Good containing report Property filed CTL on morning, the at its everyone. Welcome Through with each and Conference ctltrust.net. to monthly Trust Form reporting Call. its an XX-Q, available Earlier SEC week, package Trust Pass the X-K the quarterly Copper which of

Officer, Finger, will Aaronson, the these Trust Executive its On Principal as call Larry Financial well today, Neil as the activities. discuss Officer; filings Principal Trust and other

a In be questions. from addition, to representative will GLAS or available trustee answer

expect, potential, Please of note of negative will might, use continue, during conference include, Private believe, Act may, Reform the statements or performance. our limited intend, but statements These historical anticipate, other statements. forward-looking the are such call, or some forward-looking that events thereof would plan, Securities vision, will may the Litigation be comparable or Trust's comments by future stock than XXXX. be this identified statements of thereof not of and variations could, fact meaning terminology other statements as terminologies beliefs the All expectations the or forward-looking price are and should, of predict, or estimate, to, preliminary, concerning the within

and Trust The current its has based these projections. on assumptions, estimates forward-looking expectations, statements

results, from achievements these future or Commission expectations, and many filed XX predictions These in to results, performance these estimates differ projections the such by may of and materially on believes control. with beyond any Trust's Trust Form assumptions, achievements known risks statement cause are its those implied involve factors, statements. actual and only the and discussed and statements its which While or are Securities are Exchange reasonable, performance forward-looking including unknown expressed or forward-looking the uncertainties, registration

at sec.gov. of with and SEC list available further description Trust's filings uncertainties, such the to that refer and the are a risks For please

it information date, such, participants comments be is include time-sensitive At of As that August listen-only in are today's this all note mode. Thursday, XXXX. only management's may as that XX, important a to accurate time,

prepared one additional one be allow of to the to that questions. your as for only and you you time for question everyone for request call ask comments, Following ask follow-up as permits, management's many open If questions. to questions. we're happy will re-queue possible We

I over now to Officer, Principal Aaronson. call turn the our Executive Neil will

Neil Aaronson

Welcome, X implied quarter, thank $XX after Property's everyone. in Thank properties; cap price Mary, your rate on Copper on Shortly you of X.X%. continued everyone, option $X.X for million. sale $X.X and an a per we The and CTL a of closed $XXX of total X property or an Trust. implied the cap One of and of you, end and interest foot generated at for welcome, for million the gain rate million square properties X.XX%

plan, closed only even have of our most under very properties we properties. continue of on the significant X either a to more While number properties, contract properties, intent. Consistent and option currently active be and letter are of market under these in with we

our end the Our no of of close this option expectation expectation continues -- the properties XX exceedingly than remains remaining by less year. half to

we're but have meaningful had the and with have the not number has a LOI marketing, seen softening us the limited on all. at in some market, currently under we or impact We properties PSA regards properties it to of

I'll turn Larry. With to that, over call the

Larry Finger

you, and welcome, Thank Neil, everyone.

$XXX $XXX To and income date, sales of up we've sales recent our our and million distributions reminder, rental That's details prior million tabs from proceeds. spreadsheet available made downloadable the regarding the in million. sales are the of property further sales $XXX distributed on As a data of website.

impact the for $X.XX per guidance, of average proceeds and XX.X to anticipate distributions $X.XXX sales, $X.X between of million sales share, year, of subject net or $X.X operations terms -- to In million we the plus from to balance as the occur.

NASDAQ and open because stage unusual confident the very that, And application a in of of questions. the are the call Trust. process late as long, of this we conclusion. with remain nature Our you has know, favorable And to been process of the we'll

Operator

Thank Eisenberg] question-and-answer question first of you Instructions] with begin we very the line [indiscernible]. will have [Operator much. Ladies now [Adam the a and gentlemen, from session. We

Unknown Analyst

follow-up Just a quick there.

we in of the On terms a application that you process, detail the NASDAQ Can more little get late it's in say stage. timing? around

Larry Finger

to will steps difficult the wish I longer to because, remaining has say have they I process every a few but long would frankly, taken in have than complete, take could. it's projected. how I only We step

point, this be And just I'd at so guessing.

Operator

Instructions] Thank have turn gentlemen, like call Aaronson the session. we of the I'd Ladies and closing remarks. [Operator And the reached end to question-and-answer over you. for back to Neil

Neil Aaronson

everybody, again reach at again, you speaking and to look quarter, way, to with current any of for much. listening you the questions. out speak free you individually. feel you to all Thank to Thank we questions close Sure. so additional call the all the By the And to us forward will anybody and then. this for we following

Operator

you. Thank today's and Ladies conference. gentlemen, concludes this

at You may disconnect you for time. your your lines participation. Thank this

Copper Property CTL Pass Through Trust (CPPTL) 11 Aug 222022 Q2 Earnings call transcript