| Price Range 12mo avg: | $2M – $4.4M |
|---|---|
| $/sf 12mo avg: | $127.46 |
| CAP Rate 12mo avg: | 8.40% |
| NOI average: | $248,243 |
| Lease Terms: | 13yrs NN |
| Building Size avg: | 22,900 SF |
| Lot Size avg: | 1.30+/- acres |
Office Depot, Inc. is a global supplier of office products and services. The company was incorporated in 1986 with the opening of our first retail store in Fort Lauderdale, Florida. Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school, or car.
Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.
The company has combined pro forma annual sales of approximately $16 billion, employs more than 56,000 associates, and serves consumers and businesses in 56 countries with more than 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, OfficeMax Grand & Toy, Reliable and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, DiVOGA, Ativa, WorkPRO, Realspace and HighMark.
| S&P Credit Rating: | B- |
|---|---|
| Moody’s Credit Rating: | B2 |
| Annual Revenue 2014: | $16.10B |
| Annual Revenue 2013: | $11.24B |
| Revenue Growth: | ↑ 43% from 2013 |
| Net Income | $354M |
| Units (Dec. 2014) | 1,745 |
| Average Units Volume: | $9.2M |
On February 4, 2015, Staples, Inc. (“Staples”) and the Company announced that the companies have entered into a definitive merger agreement (the “Staples Merger Agreement”), under which Staples will acquire all of the outstanding shares of Office Depot and the Company will become a wholly owned subsidiary of Staples (the “Staples Acquisition”). Under the terms of the Staples Merger Agreement, Office Depot shareholders will receive, for each Office Depot share held by such shareholders, $7.25 in cash and 0.2188 of a share in Staples common stock at closing.Each employee share-based award outstanding at the date of the agreement will vest upon the effective date of the Staples Acquisition. The transaction has been approved by both companies’ Board of Directors and the completion of the Staples Merger is subject to customary closing conditions including, among others, the approval of Office Depot shareholders and various regulatory approvals. The transaction is anticipated to close before the end of 2015. Refer to the Company’s Form 8-K filed February 4, 2015 for additional information on the transaction. We cannot guarantee that the Staples Acquisition will be completed or that, if completed, it will be exactly on the terms as set forth in the Staples Merger Agreement.
Yahoo! Finance: ODP News Latest Financial News for ODP
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Edited Transcript of ODP earnings conference call or presentation 7-Aug-18 1:00pm GMT
on August 19, 2018 at 11:57 pm
Q2 2018 Office Depot Inc Earnings Ca […]
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Is Office Depot (ODP) Stock Undervalued Right Now?
on August 17, 2018 at 2:00 pm
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. […]
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Should Value Investors Buy Office Depot (ODP) Stock?
on August 17, 2018 at 1:55 pm
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. […]
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Office Depot pilots onsite co-working space
on August 14, 2018 at 12:23 pm
Office Depot is testing the integration of co-working space in its retail locations so small- to medium-sized businesses can take advantage of on-site business services like printing and tech support. The co-working pilot, recently opened in Los Gatos, Calif., is part of the company’s expanding “Workonomy” platform of comprehensive business services provided with “human touch” expertise, Office Depot(NADAQ:ODP) said in a news release. The company also announced plans to integrate tech services kiosks in 141 stores and self-service print and copy stations in more than 1,000 stores by the end of August. The in-store tech support kiosks will offer direct, on-demand access to the company’s team of technology experts. […]
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Office Depot to pilot co-working space in California store location
on August 13, 2018 at 2:05 pm
Office Depot Inc. (odp) said Monday that it is piloting its first-ever co-working space in its recently opened Los Gatos, Calif. store. The co-working space is one bit of the company's expanded Workonomy platform that goes beyond office supplies to offer business services for small-to-medium sized businesses. […]
NASDAQ: ODP
