UHALB - UHALB STOCK NEWS

U-Haul® has announced plans to open its first U-Box® warehouse in Concord, California, at 4658 Evora Road. The 98,000-square-foot facility will be operational by fall 2024 and will have the capacity to store up to 5,000 portable storage containers. Located on a 15.42-acre property near the Willow Pass Business Park, the warehouse will offer U-Box services and potentially truck and trailer sharing in the future.

Jerry Owen, U-Haul Company of East Bay president, stated that this expansion will significantly enhance their ability to serve customers in the area. The company plans to hire up to 10 local team members, with a preference for veterans. U-Haul emphasizes its commitment to sustainability through shared-use business models, adaptive reuse of buildings, and eco-friendly initiatives like the U-Box Load Share program.

U-Haul has acquired the former Lazy Day Storage facility in Buford, Georgia, transforming it into U-Haul Moving & Storage at Lake Lanier. The four-acre property, located at 6619 Lanier Islands Parkway, now offers 307 drive-up self-storage units, U-Haul truck and trailer sharing, towing equipment, and moving supplies. This strategic acquisition aims to meet the growing self-storage needs in Gwinnett County, particularly given Lake Lanier's popularity with over 10 million annual visitors.

The facility operates Tuesday through Saturday, 9 a.m. to 5 p.m. U-Haul emphasizes its commitment to sustainability through shared-use business models, adaptive reuse of existing buildings, and eco-friendly initiatives like the U-Box Load Share program, recently recognized as the Most Environmentally Friendly Service of the Year.

U-Haul has announced plans to build its first retail, moving, and self-storage center in Athens, Alabama. The facility, located at 16298 Athens-Limestone Blvd., is scheduled to open in March 2026. The three-story center will feature 1,100 indoor self-storage units, with over half offering climate-control options. The 5.3-acre site will provide various services, including moving truck rentals, U-Box containers, and a retail showroom.

U-Haul plans to hire up to 14 local team members, prioritizing veterans in the hiring process. The company aims to meet the growing demand for its services in Athens, which has previously been served by local small businesses in the U-Haul Dealer Network. Until the new store opens, customers can access U-Haul services through nearby dealer locations and full-service facilities within a 20-mile radius.

U-Haul has opened a new retail, moving, and self-storage center in Kaukauna, Wisconsin. The facility, located at 1550 Arbor Way, offers over 1,000 self-storage units with heating and climate-control options, as well as high-tech security features. A grand opening event is scheduled for August 1, 2023, from 1-4 p.m., featuring free lunch, tours, giveaways, and a ribbon-cutting ceremony.

The complex includes a 12,000-square-foot U-Box warehouse with space for 672 mobile containers. U-Haul plans to hire nine team members for the new store, prioritizing local hiring and veteran recruitment. This marks U-Haul's first store in Kaukauna, expanding its services in Outagamie County.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B).

The dividend is payable on June 28, 2024, to shareholders of record on June 17, 2024.

This marks the seventh dividend issued under the company's policy announced in October 2022.

U-Haul Holding Company (NYSE: UHAL, UHAL.B), the largest do-it-yourself moving and self-storage company in North America, will participate in the 2024 Wolfe Research Small and Mid-Cap Conference on June 6, 2024. The company’s management team will hold meetings with institutional investors and present an updated investor presentation.

The presentation is accessible on the company's investor relations website.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) reported fiscal 2024 net earnings of $628.7 million, down from $924.5 million last year. The company faced a net loss of $0.9 million in Q4 2024 compared to net earnings of $37.4 million in Q4 2023.

Self-moving equipment rental revenues decreased by $10 million in Q4 and $253.2 million for the full year. Self-storage revenues increased by $17.5 million in Q4 and $86.6 million for the full year. Occupied units rose by 6% in Q4, despite a 1.4% drop in occupancy rates. Depreciation costs increased by $11.6 million for rental equipment and $12.3 million for buildings in Q4. Net gains from rental equipment sales decreased by $32 million in Q4.

Maintenance costs decreased by $11 million in Q4 but rose by $33 million for the year. Operating costs rose by $21.3 million in Q4 and $66.7 million annually, influenced by personnel costs. Capital expenditures were $1,619 million for fiscal 2024, with a projected increase for 2025. Real estate spending decreased by $83 million. Cash and credit availability fell from $2,499.2 million to $1,886.3 million. A $0.05 dividend per share of Non-Voting Common Stock was declared on March 6, 2024.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) announced it will release its fourth-quarter fiscal year 2024 financial results on May 29, 2024, after market close. The company will also hold an investor conference call and webcast on May 30, 2024, at 8 a.m. Arizona Time (11 a.m. ET). The event will cover detailed financial performance and outlook. Investors can listen to the webcast online.

U-Haul Holding Company (NYSE: UHAL) will participate in the 2024 BMO Real Estate Conference in New York City. The parent company of U-Haul International, Inc., North America's largest 'do-it-yourself' moving and self-storage company, will have meetings with institutional investors.