U-Haul Holding Company Stock Price, News & Analysis

U-Haul is set to establish a new retail, moving, and self-storage facility in Los Lunas, New Mexico, covering 9.81 acres. Scheduled for completion in 2023, the three-story building will feature over 90,000 square feet and more than 650 climate-controlled, ADA-accessible storage units. This facility addresses the growing demand for quality storage options in the area, as the nearest full-service store is 26 miles away. U-Haul aims to enhance customer accessibility and plans to hire locally to support job growth.

U-Haul has appointed Eric Keosky-Smith as the new Director of Strategic Digital Marketing, part of its expansion strategy to enhance digital presence. Keosky-Smith previously served as Chief Growth Officer at Hownd, Inc., and has extensive experience in both local and European markets. His primary focus will include boosting the company's Moving Help and CollegeBoxes services. This hire follows the appointment of Carrie Martz as an Advisory Board Member, who brings over 35 years of branding experience. U-Haul aims to leverage top talent for continued growth in the DIY moving sector.

U-Haul of North Charleston has permanently closed its facility after 42 years of operation. The 1,900-square-foot location ceased service on December 7, 2021, resulting in the layoff of two team members. U-Haul will retain ownership of the building. The closure is part of U-Haul's ongoing strategy to adapt to changing demographics and operational requirements while continuing service at 10 other locations in West Virginia. U-Haul remains committed to supporting communities during the COVID-19 recovery with enhanced cleaning protocols.

AMERCO (Nasdaq: UHAL) has announced a private placement agreement for $600 million of fixed rate senior unsecured notes with a weighted average interest rate of 2.71%. The notes are structured in five tranches, with amounts ranging from $100 million to $150 million and varying due dates from 2029 to 2035. The company plans to use the proceeds to support its expansion plans. The notes have not been registered under the Securities Act of 1933, restricting their sale in the U.S. and other jurisdictions.

U-Haul has opened a new location, Moving & Storage of Iwilei, at the historic American Cannery Co. building in Honolulu, acquired on Nov. 22. The facility, the fourth full-service center on Oahu, will soon offer over 700 climate-controlled storage units, towing equipment, and professional hitch installation. U-Haul aims to preserve the building's original character while employing sustainable practices by repurposing old structures. President Kaleo Alau emphasized the importance of community hiring and the company's commitment to COVID-19 safety protocols.

U-Haul has opened a new facility at the former Kmart store located at 3300 Harrison Ave in Butte, Montana. This site will feature over 600 indoor climate-controlled self-storage rooms, marking U-Haul's first company-owned location in Butte. The property, acquired on Nov. 11, aims to offer a variety of self-storage units along with services such as truck rentals and hitch installations, promoting sustainability through adaptive reuse of existing structures. U-Haul plans to create at least 10 local jobs, contributing to community growth.

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.