|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
The ODP Corporation (ODP) Q1 Earnings Top Estimates,Sales Down
on May 6, 2021 at 2:48 pm
The ODP Corporation's (ODP) first-quarter performance reflects adverse impacts stemming from the pandemic. The company unveils plans to spin off its B2B business. […]
ODP Corp. (ODP) Moves 8.8% Higher: Will This Strength Last?
on May 6, 2021 at 11:14 am
The ODP Corporation (ODP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. […]
ODP Corp (ODP) Q1 2021 Earnings Call Transcript
on May 5, 2021 at 7:30 pm
Good morning, and thank you for joining us for The ODP Corporation's first quarter 2021 earnings conference call. This is Tim Perrott and I'm here with Gerry Smith, our CEO; and Anthony Scaglione, our Executive Vice President and CFO. Also joining us today is David Bleisch, our Executive Vice President and Chief Legal and Administrative Officer. […]
Why ODP Stock Jumped on Wednesday
on May 5, 2021 at 6:00 pm
Shares of ODP (NASDAQ: ODP) jumped by as much as 14% in Wednesday morning trading after the company reported first-quarter earnings and announced plans to split itself into two publicly traded companies. The parent company of retailers Office Depot and OfficeMax said it has made significant progress in its digital transformation and in its pivot toward a business-to-business (B2B) strategy. In order to unlock shareholder value, ODP announced a tax-free spinoff of its B2B segment into an independent company. […]
Office Depot Rises on Earnings, Distribution Unit Spinoff Plan
on May 5, 2021 at 12:27 pm
Office Depot traded higher after the chain posted first-quarter earnings that exceeded expectations and said it would spin off its distribution business. […]