| 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
-
ETFs with exposure to Office Depot, Inc. : June 22, 2017
on June 22, 2017 at 8:08 pm
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Office Depot, Inc. Here are 5 ETFs with the largest exposure to ODP-US. Comparing the performance and risk of Office Depot, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...) […]
-
Sycamore Partners in advanced talks to buy Staples, with ...
on June 22, 2017 at 5:58 pm
Private equity firm Sycamore Partners is in advanced talks to acquire Staples, people familiar with the matter said on Wednesday […]
-
Office Depot, Inc. Partners with Centriq Technology on Asset Management Platform
on June 22, 2017 at 11:00 am
Office Depot, Inc. , a leading provider of office products, services, and solutions, announced it is entering into an exclusive licensing agreement with Centriq Technology, Inc., to develop a unique business application utilizing their award-winning asset management platform. […]
-
Office Depot, Inc. :ODP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
on June 21, 2017 at 4:09 pm
Categories: Yahoo FinanceGet free summary analysis Office Depot, Inc. reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Office Depot, Inc. – Staples, Inc., Stamps.com Inc., Williams-Sonoma, Inc., Big Lots, Inc. and Essendant Inc. (SPLS-US, STMP-US, WSM-US, BIG-US and ESND-US) that have also reported for this ... Read more (Read more...) […]
-
U.S. to seek to block DraftKings, FanDuel fantasy sports merger
on June 19, 2017 at 5:46 pm
The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests. The FTC, along with the attorneys general of California and the District of Columbia, will file a complaint in federal district court seeking a preliminary injunction to block the deal, the antitrust regulator said. "We are disappointed by this decision and continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry," DraftKings Chief Executive Jason Robins and his FanDuel counterpart, Nigel Eccles, said in the statement. […]
NASDAQ: ODP
