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Select Income Reit Common Share

I assume you are referring to the public real estate investment trust (REIT) OfficeDepot Inc. (ODP) that trades on the NASDAQ stock exchange. I'll provide some general information about the company, with a focus on its earnings, growth, and other relevant data.

1. Company Overview:

OfficeDepot, Inc. is a leading provider of office supplies, business products and services. The company was formed through the merger of Office Depot and OfficeMax in 2013.

2. Earnings:

OfficeDepot has had varied earnings performance over the past few years. Here is a summary of their net income for the past four fiscal years, as presented in their annual reports:

* FY 2018: $41.2 million

* FY 2019: -$116.7 million

* FY 2020: $273.1 million (including a one-time gain from the sale of the CompuCom Systems, Inc. subsidiary)

* FY 2021 (estimated): -$55.0 million to -$25.0 million

3. Revenue and Net Income Trend:

OfficeDepot's revenue has seen a decline in recent years, while net income has been volatile. This could indicate the company's struggle to maintain profitability in a rapidly changing marketplace.

| Fiscal Year | Revenue (in millions) | Net Income (in millions) |

| --- | --- | --- |

| 2018 | $10,975 | $41.2 |

| 2019 | $11,012 | -$116.7 |

| 2020 | $10,711 | $273.1 |

| 2021 (est.) | $10,350 - $10,150 | -$55.0 to -$25.0 |

4. Dividend History:

OfficeDepot pays dividends on a quarterly basis. The current annualized dividend yield is approximately 4.01%, based on the stock price as of 28-Mar-2022. Historically, the company has reduced or suspended its dividend payments during periods of decreased profitability. Therefore, investing in the company should be done while taking note of their dividend suspension history and unpredictable profits.

5. Recent Growth:

To combat the challenges faced in the current market, OfficeDepot has been focusing on business services such as IT services and copy and print services to drive growth. This has partly offset the decline in their core office supplies business. The company has also been expanding its presence in the retail and e-commerce sectors.

Overall, OfficeDepot's earnings and growth have been impacted by the changing landscape of the office supplies industry. The shift towards digitization, e-commerce, and a decrease in demand for physical office supplies have challenged the company's revenue streams and profitability. However, OfficeDepot is adapting to the changing market conditions through strategic initiatives and expansion into new business areas.

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