U-Haul Holding Company - UHAL STOCK NEWS

U-Haul Storage of West Jackson has permanently closed as of November 1, 2021, after 26 years of service. This 29,496-square-foot facility was acquired in 1994 and previously operated as a furniture store. U-Haul will retain ownership of the 1.42-acre property, but future plans remain uncertain. Customers are directed to the nearby U-Haul Storage of Jackson, which offers a range of moving and storage services. The closure resulted in the layoff of five employees. U-Haul continues to maintain service during COVID-19 with enhanced safety protocols.

U-Haul has acquired the historic James E. Pepper Distillery in Lexington, KY, to establish a new 1,400-room self-storage facility. The acquisition, finalized on October 20, 2021, will transform the 197,504-square-foot building while preserving its historical character. Services will include climate-controlled storage units and various moving supplies. This site is U-Haul's third in Lexington and 15th in Kentucky, aimed at benefiting local residents and students. The company's sustainability initiatives drive the adaptive reuse of such historic properties to lower carbon footprints.

The U-Haul store at 241 N. 1st St. in Nashville has closed after 45 years, with operations ending on Nov. 1, 2021. Following a tornado in March 2020, which damaged the original building, U-Haul plans to convert the 0.59-acre site into a new self-storage facility. Customers are directed to a nearby location at 1031 Whites Creek Pike for self-move products and services. The closure resulted in the layoff of seven employees. U-Haul continues to support communities with essential services during the ongoing COVID-19 recovery.

U-Haul will open a new 200-room self-storage facility in Nashville at the former WASCO masonry warehouse by Dec 15, 2021. This location replaces the store destroyed by a tornado in March 2020, which had been temporarily operating from a trailer. The new facility aims to support local communities and enhance sustainability by repurposing existing buildings. Renovations will create indoor climate-controlled storage and employ at least eight team members, with a focus on hiring locally. U-Haul continues to provide essential services during the COVID-19 recovery.

U-Haul has acquired 7.57 acres in Loveland, Colorado, to build a modern retail and self-storage facility, scheduled for completion in 2023. This new facility will include a three-story building with around 100,000 square feet, offering over 700 indoor, ADA-accessible self-storage units equipped with climate control and high-security features. The store aims to accommodate local demand and will feature a retail showroom, truck rental services, and more. U-Haul plans to hire at least 12 local employees to support the operation, reinforcing its commitment to community job growth.

U-Haul is expanding its self-storage services in Annapolis, Maryland, by acquiring a 3.95-acre property that adds 44,139 square feet and 908 storage units. This strategic move addresses the high demand for self-storage in the area, influenced by the transient population associated with the U.S. Naval Academy. The expansion will lead to new job openings, with a focus on hiring locally, including veterans. U-Haul has been operating in Annapolis since 2019 and aims to enhance its customer offerings as an essential service during COVID-19 recovery.

Humble Design Chicago is focusing on veterans this November, providing essential furnishing services to assist homeless veterans transition to stable housing. Highlighting its commitment, the organization will aid disabled veteran Odell Johnson on Veterans Day, helping him rebuild his life after facing homelessness. Humble Design's efforts have helped 99% of its clients escape homelessness, showcasing a successful model since servicing 2,000 families since its inception. Notably, U-Haul is a national sponsor, facilitating this initiative, alongside local support from Jewel-Osco.

AMERCO (Nasdaq: UHAL) reported strong second-quarter earnings for fiscal 2022, with net earnings of $409.9 million, or $20.90 per share, up from $266.4 million, or $13.58 per share, year-over-year. For the six-month period, net earnings reached $755.1 million, or $38.51 per share, significantly higher than the previous $354.1 million. Revenue from self-moving equipment rentals increased by 27% to $1.16 billion, while self-storage revenues rose by 33%. Additionally, the company secured $600 million in fixed-rate senior unsecured notes to bolster its financial strength.

U-Haul has purchased six acres in Las Cruces to develop a new self-storage facility, scheduled for completion in 2023. The facility will feature over 85,000 square feet of indoor storage, with 600 climate-controlled units and advanced security. This move responds to increasing demand in the area, known for its appeal to retirees. The Northrise location will also offer U-Box portable storage and additional moving supplies. U-Haul emphasizes community employment and intends to prioritize local hires, particularly veterans, as part of its staffing strategy.