|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 Announces Upcoming Changes to Board of Directors
on February 20, 2020 at 10:00 pm
Office Depot, Inc. today announced V. James Marino and Nigel Travis have decided not to stand for re-election to Office Depot’s Board of Directors. […]
Office Depot to Announce Fourth Quarter and Full Year 2019 Earnings Results Wednesday, February 26, 2020
on February 12, 2020 at 10:00 pm
Office Depot, Inc. (NASDAQ:ODP) will announce fourth quarter and full year 2019 financial results before the market open on February 26, 2020. […]
Wells Fargo Commercial Mortgage Trust 2016-LC24 -- Moody's affirms six classes of WFCM 2016-LC24
on February 7, 2020 at 10:03 pm
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on the IO class was affirmed based on the credit quality of the referenced classes. […]
Imagine Owning Office Depot (NASDAQ:ODP) And Trying To Stomach The 75% Share Price Drop
on February 7, 2020 at 5:38 pm
Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held... […]
Office Depot Appoints Quincy Allen and Shashank Samant to Company’s Board of Directors
on February 6, 2020 at 9:30 pm
Office Depot announces the appointment of Quincy Allen and Shashank Samant to the Company’s Board of Directors. […]