Welcome to our dedicated page for U-Haul Holding Company news (Ticker: UHAL), a resource for investors and traders seeking the latest updates and insights on U-Haul Holding Company stock.
U-Haul Holding Company (symbol: UHAL) is a prominent American enterprise specializing in the rental of trucks, trailers, and self-storage space. Founded in 1945, the company has firmly established itself as the No. 1 choice of do-it-yourself movers with over 23,000 rental locations across the United States and Canada. U-Haul’s wide array of services includes moving truck and trailer rentals, self-storage units, moving boxes, and packing supplies. Additionally, the company provides LPG (propane) refills, trailer hitch and wiring installation, and storage container rentals.
U-Haul operates through three key segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment, being the most significant, contributes the majority of its revenue. The company’s fleet boasts impressive numbers, including 192,200 trucks, 138,500 trailers, and 44,500 towing devices. U-Haul is also the third-largest self-storage operator in North America, overseeing 967,000 rentable units and 83.3 million square feet of self-storage space.
U-Haul continues to expand its reach with several ambitious projects. Recently, U-Haul announced the development of new retail, moving, and self-storage centers in Junction City, Kansas, and Lake Ozark, Missouri. These centers will feature climate-controlled storage units, truck and trailer sharing, and U-Box portable storage containers. Additionally, U-Haul has acquired properties in Webster, New York, and Decatur, Alabama, further enhancing its service capacity in these regions.
The company actively promotes sustainability. Its shared-use business model allows communities to share moving equipment, reducing the need for large-capacity vehicle ownership. U-Haul’s Adaptive Reuse program, which repurposes existing buildings, along with innovations like fuel-efficient truck modifications and recyclable Ready-To-Go Boxes, underscores its commitment to green business practices. Recently, its U-Box Load Share program was awarded the 2023 Best in Biz gold for being the Most Environmentally Friendly Service of the Year.
U-Haul is also a significant employer, recognized as a Best for Vets employer by The Military Times. It actively recruits veterans and promotes job growth in local communities, planning to hire locally for new projects in various locations. The company’s enhanced app facilitates easy access to its services, allowing customers to reserve equipment and manage rentals conveniently through their smartphones.
For more information about U-Haul and its wide array of services, visit their official website or download the U-Haul app from the App Store or Google Play.
U-Haul is offering 30 days of free self-storage and U-Box portable container use to people in the path of Hurricane Helene, expected to make landfall Thursday along Florida's Gulf Coast. The disaster relief program is available at 241 U-Haul facilities across Florida (136 stores), Georgia (70 stores), and Alabama (35 stores).
Hurricane Helene is forecasted to bring life-threatening storm surges, heavy rains, and damaging winds to parts of the South. Florida Gov. Ron DeSantis has declared a state of emergency for 61 counties. The free offer applies to new self-storage and U-Box rentals, based on availability at each Company-owned and -operated location.
U-Haul is an official American Red Cross Disaster Responder and aims to provide essential dry and secure storage options for communities before and after natural disasters.
U-Haul Holding Company, the parent of U-Haul International, is set to participate in the 2024 CL King Best Ideas Conference on September 16, 2024. As North America's largest do-it-yourself moving and self-storage company, U-Haul's management team will engage with institutional investors during the event.
This conference provides an opportunity for U-Haul to showcase its business strategies and financial performance to potential investors. The company's participation highlights its commitment to maintaining strong relationships with the investment community and keeping stakeholders informed about its operations and future plans.
U-Haul® has purchased a 7.78-acre lot in Grand Chute, Wisconsin, to build a new retail, moving, and self-storage center. The U-Haul Moving & Storage at Northland Ave. is set to open by summer 2026. The facility will feature:
- Over 1,000 climate-controlled self-storage units
- A retail showroom for moving supplies
- Hitch installation services
- U-Haul Truck Share 24/7
- U-Box portable moving container storage
- Propane refills
The company plans to hire up to 12 local Team Members and will prioritize hiring veterans. This will be U-Haul's 50th owned-and-operated store in Wisconsin and its first in Grand Chute.
U-Haul is set to unveil its newest self-storage facility, U-Haul Storage of Lebanon, with a grand opening and community day event on September 13 at 1437 Cumberland St., Lebanon, PA. The 2.67-acre property, acquired in 2022, offers 830 indoor self-storage units with climate-control options and high-tech security features in a new 60,880-square-foot building. An existing 10,683-square-foot building has been repurposed as a U-Box warehouse for up to 190 mobile storage containers.
The event will feature free lunch, facility tours, live radio broadcast, and giveaways. Local officials and nonprofits are expected to attend. This expansion addresses the rising demand for storage in Lebanon County, with the existing U-Haul facility at 100% occupancy for years. The new facility is part of U-Haul's Adaptive Reuse program, transforming a former industrial site dating back to the 1880s.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has announced a $500 million private placement of senior unsecured notes. The offering consists of four tranches with a weighted average interest rate of 5.94%. The notes are structured as follows:
- Series A: $100 million at 5.86%, due August 21, 2032
- Series B: $100 million at 5.91%, due August 21, 2033
- Series C: $100 million at 5.95%, due August 21, 2034
- Series D: $200 million at 6.00%, due August 21, 2035
This issuance follows two previous private placements in fiscal 2022 and aims to provide fixed cost capital for U-Haul's growth and expansion of new locations. The notes are not registered under the Securities Act of 1933 and cannot be offered or sold in the United States without registration or exemption.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B). The dividend is set to be paid on September 27, 2024 to shareholders of record as of September 16, 2024. This marks the eighth dividend issued under the company's dividend policy, which was initially announced in October 2022. U-Haul Holding Company is the parent organization of several subsidiaries, including U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company, and Amerco Real Estate Company.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) has announced its eighteenth annual virtual analyst and investor meeting, scheduled for Thursday, August 15, 2024, at 11 a.m. Arizona time (2 p.m. Eastern Time). This virtual event is part of the company's key investor outreach program, allowing investors and analysts to interact with organizational representatives. Joe Shoen, chairman of U-Haul Holding Company, emphasized that this virtual format conserves shareholders' dollars and aligns with the U-Haul System's corporate-wide sustainability initiative. Participants can join the meeting by visiting investors.uhaul.com and selecting '2024 Virtual Analyst and Investor Webcast' on the day of the event. Questions for management can be emailed to IR@uhaul.com before the meeting or submitted live during the Q&A session.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) reported net earnings of $195.4 million for Q1 fiscal 2025, down from $256.8 million in the same period last year. Earnings per share for Non-Voting Shares (UHAL.B) were $1.00, compared to $1.31 in Q1 fiscal 2024. Self-storage revenues increased by 8.4%, while self-moving equipment rental revenues grew by 1.5%. The company added 17 new storage locations, expanding its net rentable square feet by 1.7 million. Moving and Storage earnings from operations decreased by $64.3 million, primarily due to reduced gains from retired rental equipment disposal and increased fleet depreciation. However, EBITDA for the Moving and Storage segment increased by $16.5 million. Cash and credit availability stood at $1,566.8 million as of June 30, 2024.
U-Haul® is expanding its presence in Moab, Utah, with plans for two new facilities to serve the moving, self-storage, and recreational needs of Grand County. The first, U-Haul Moving & Storage of Moab, will open a temporary retail showroom on Aug. 19, 2023, offering truck rentals and moving supplies. By March 2025, it will feature 700 climate-controlled self-storage units. The second facility, U-Box & Storage of Moab, is set to open in January 2025, providing portable storage and secure RV parking.
U-Haul will implement its ecofriendly Adaptive Reuse program to transform an existing industrial warehouse for the second property. The expansion aims to create up to 19 new jobs in Moab, with a focus on hiring veterans. These developments align with U-Haul's sustainability initiatives, supporting infill developments and reducing carbon footprint in local communities.
U-Haul has closed its old repair facility at 1570 V. Odom Blvd. in Akron, Ohio, after 43 years of operation. The closure, effective July 19, resulted in 41 Team Members being let go. U-Haul will retain ownership of the building and repurpose it for expansion needs at the U-Haul Moving & Storage of Akron store. Moving trucks and trailers will now be serviced at the new Akron Repair Shop at 1520 V. Odom Blvd.
Alissa Nider, U-Haul Company of Akron president, stated that the region's growth necessitated the move to a larger facility. The new location is expected to inspect more equipment and provide more jobs in the community. This closure is part of U-Haul's ongoing evaluation of its operations to better serve customer needs and adapt to changing market conditions.
FAQ
What is the current stock price of U-Haul Holding Company (UHAL)?
What is the market cap of U-Haul Holding Company (UHAL)?
What services does U-Haul provide?
How many rental locations does U-Haul have?
What are the key segments of U-Haul's operations?
How significant is U-Haul in the self-storage market?
What sustainability initiatives does U-Haul promote?
How does U-Haul support veterans?
How can customers access U-Haul services?
What recent projects has U-Haul announced?
How does U-Haul promote job growth in local communities?
What is the U-Haul shared-use business model?
