| 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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American Foreign Power -- Moody's announces completion of a periodic review of ratings of Office Depot, Inc.
on June 14, 2019 at 2:05 pm
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Office Depot, Inc. New York, June 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Office Depot, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. […]
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Here is What Hedge Funds Think About Office Depot Inc (ODP)
on June 11, 2019 at 3:04 pm
Insider Monkey has processed numerous 13F filings of hedge funds and successful investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news […]
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See what the IHS Markit Score report has to say about Office Depot Inc.
on June 10, 2019 at 12:01 pm
Office Depot Inc NASDAQ/NGS:ODPView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for ODP with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $613 million over the last one-month into ETFs that hold ODP are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. ODP credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report. […]
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Wachovia Bank Commercial Mortgage Trust 2003-C7 -- Moody's upgrades one and affirms one class of WBCMT 2003-C7
on June 7, 2019 at 10:16 pm
The deal has paid down 37.1% since Moody's last review. The rating on the P&I class, Cl. H, was affirmed because the rating is consistent with Moody's realized losses. Moody's rating action reflects a base expected loss of 0% of the current pooled balance, the same as at Moody's last review. […]
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Office Depot (ODP) Down 4.3% Since Last Earnings Report: Can It Rebound?
on June 7, 2019 at 1:30 pm
Office Depot (ODP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. […]
NASDAQ: ODP
