| 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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Chief accounting officer at Office Depot resigns
on April 17, 2019 at 1:49 pm
His departure follows the announcement of an anticipated $15 million operating loss from the company's newest division. […]
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Here's What Office Depot, Inc.'s (NASDAQ:ODP) P/E Ratio Is Telling Us
on April 17, 2019 at 11:30 am
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Office Depot, Inc.'s (NASDAQ:ODP) P/E ratio could help you assess the value... […]
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US targets Nicolás Maduro with new measures against Cuba
on April 17, 2019 at 9:41 am
The Trump administration has placed new sanctions and other tough restrictions on Cuba and Venezuela in a series of measures designed to increase the pressure on Havana and try to force it to end its support for Nicolás Maduro, Venezuela’s de facto president. Speaking in Miami to survivors of a Cuban exile group that once led the failed 1961 Bay of Pigs invasion, John Bolton, the US national security adviser, said that Washington was targeting Cuba’s military and intelligence services through these sanctions, and that it would also restrict travel and cap exile remittances to the island. […]
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Trump to Allow U.S. Lawsuits Over Seized Property in Cuba
on April 16, 2019 at 8:44 pm
The administration plans to announce Wednesday that the U.S. will begin enforcing a provision of a 1996 law known as the Helms-Burton Act that allows Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island. Like his predecessors, President Donald Trump had previously waived the provision, Title III, because enforcing it could result in a flood of litigation against foreign companies. […]
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Office Depot (ODP) Down More Than 20% in a Month: Here's Why
on April 16, 2019 at 3:27 pm
Office Depot's (ODP) cautionary statement on lower-than-expected operating performance at the CompuCom division was enough to push the stock into the bearish territory. […]
NASDAQ: ODP
