UHALB - UHALB STOCK NEWS

U-Haul has released its 2024 Growth Index, revealing South Carolina as the top state for net gain of one-way movers, followed by Texas, North Carolina, Florida, and Tennessee. The rankings are based on over 2.5 million one-way U-Haul truck, trailer, and U-Box moving container transactions throughout the year.

The data shows a continued migration trend toward the Southeast and Southwest regions, with more than 51.7% of South Carolina's U-Haul moves being arrivals. Texas has maintained a top-two position since 2016, while Florida has consistently ranked fourth or higher since 2015. Notably, California ranks 50th for the fifth consecutive year, experiencing the greatest net loss of do-it-yourself movers.

The most significant ranking improvements were seen in Oklahoma (+30), Indiana (+19), and Maine (+18), while Colorado (-31), Nevada (-24), and Wyoming (-22) showed the largest declines.

U-Haul has opened its first retail, moving and self-storage facility in Panama City Beach, Florida. The facility, acquired on December 17, is located at 11222 Hutchison Blvd. and was formerly A+ Storage. The 2.18-acre property features a three-story building with over 500 indoor climate-controlled storage rooms, moving trucks, and a retail showroom.

The facility operates daily from 7 a.m.-7 p.m. (8 p.m. on Fridays) and is hiring up to 10 Team Members. This marks U-Haul's 172nd Company-owned store in Florida, targeting a rapidly growing area that has been previously underserved.

U-Haul has permanently closed its Zanesville store at 618 S. Pine St. on December 8, after 46 years of operation since 1978. The closure resulted in the layoff of eight Team Members. The company will retain ownership of the 1,680-square-foot building on a half-acre lot and plans to lease it out. Customers are being redirected to Ohio's newest moving and self-storage center at 3742 Northpointe Drive. The facility, which was originally a gas station before being converted to a U-Haul location, provided self-move services and hitches to the Zanesville community.

U-Haul has opened its 80th Ohio store in Zanesville on December 10, located at 3742 Northpointe Drive near Colony Square Mall. The new facility, built on a five-acre property acquired in 2022, features a four-story complex with 996 self-storage units, including heated and climate-controlled rooms with high-end security features. The facility also includes a warehouse for 735 U-Box containers, truck and trailer rentals, retail showroom, and professional hitch installation services.

This new center replaces the company's previous 46-year-old location at 618 S. Pine St. The facility is hiring up to 12 Team Members and plans to add a propane refill station in the future.

U-Haul Holding Company has acquired the 548,938-square-foot 20 E. Thomas Road skyscraper in Midtown Phoenix, which will become the new headquarters for U-Haul International. The building, now named The U-Haul Tower, is the third tallest in Phoenix at 397 feet and 25 floors. The company plans a 24-month transition of its field-support teams from their current location at 2727 N. Central Ave. U-Haul, which employs 1,600 Team Members at its Midtown Campus and over 34,000 across North America, has been headquartered in Phoenix since 1967. The acquisition represents a significant expansion of U-Haul's Midtown Campus, which includes the recently opened Shoen Family Conference and Fitness Center.

U-Haul has completed the transformation of a former Kmart building in Lima, Ohio, into a new full-service moving and storage facility. The 104,685-square-foot facility at 2200 Allentown Road opened on November 18, 2023, featuring 700 indoor climate-controlled storage units with high-tech security. The 13.4-acre property acquisition includes an adjacent retail shopping plaza, where U-Haul will continue leasing space to existing tenants while serving as the anchor store.

This facility represents a significant upgrade from their previous location, offering 20 times more capacity. The renovation aligns with U-Haul's Adaptive Reuse program, which prevented approximately 782 tons of metal manufacturing and 5,007 tons of concrete usage, while avoiding 8,939 tons of demolition debris and 5.19 million pounds of greenhouse gas emissions.

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 will be paid on December 27, 2024 to shareholders of record as of December 16, 2024. This marks the ninth dividend distribution since the company introduced its dividend policy in October 2022.

U-Haul has opened its first retail, moving and storage center in Rocky Mount, North Carolina, expanding services to Nash and Edgecombe Counties. The facility at 131 S. Wesleyan Blvd was acquired on November 20 and features 457 indoor climate-controlled storage units. The 8.59-acre property offers truck and trailer sharing, a retail showroom, and green initiatives. Future plans include outdoor drive-up storage units and U-Box portable containers. This marks U-Haul's 49th company-owned location in North Carolina. The facility operates seven days a week and plans to hire two team members to support operations.

U-Haul has expanded its presence in Kingsport, Tennessee with the acquisition of the former All Season Storage property at 4303 Fort Henry Drive. The 0.75-acre facility, now called U-Haul Storage of Fort Henry Drive, was acquired on Nov. 12 and represents the company's 49th owned store in Tennessee. The property features two single-story buildings containing over 300 climate-controlled storage rooms, a covered drive-in load/unload area, and is strategically located near Interstates 81 and 26. The facility operates daily from 5 a.m. to 10 p.m. and implements green initiatives like the Take A Box, Leave A Box program.