|Price Range 12mo avg:||$2M – $4.4M|
|$/sf 12mo avg:||$127.46|
|CAP Rate 12mo avg:||8.40%|
|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|
|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
Office Depot sells off international business
on April 27, 2017 at 5:55 pm
Office Depot Inc. has closed the sale of one more of its overseas businesses as it works to revamp the company within the United States. The sale of its South Korea-based operations to Excelsior Capital Asia, a private equity group based in Hong Kong, China, comes just days after the Boca Raton-based office supplies retailer (ODP) announced its agreement to sell additional overseas businesses in Australia and New Zealand. In Asia, Excelsior Capital invests throughout the continent on behalf of major Korean institutions, pension funds and private family offices. […]
Penny Stocks to Watch for May 2017
on April 27, 2017 at 4:42 pm
These ten penny stocks trading on U.S. public exchanges could gain substantial ground in April 2017 and the coming months. […]
Office Depot Completes Sale of Business in South Korea
on April 26, 2017 at 12:45 pm
Office Depot, Inc. today announced that it has closed on the sale of its business in South Korea to Excelsior Capital Asia. Office Depot had previously disclosed its intention to sell substantially all of its international businesses under a process that began in 2016. […]
Office Depot, Inc. to Announce First Quarter 2017 Results Tuesday, May 9, 2017
on April 25, 2017 at 9:00 pm
Office Depot, Inc. , a leading provider of office products, services, and solutions, will announce fiscal first quarter results before market open on Tuesday, May 9, 2017. […]
Office Depot (ODP) Q1 Earnings: Will the Momentum Stay?
on April 24, 2017 at 2:27 pm
Our proven model does not conclusively show that Office Depot (ODP) is likely to beat earnings estimates this quarter. […]