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U-Haul Holding Company (UHALB) is a renowned American moving equipment and storage rental company. Founded in 1945, U-Haul has grown to become a household name for DIY moving solutions. With a vast fleet of trucks, trailers, and storage units, U-Haul serves millions of customers across North America. The company's commitment to innovation and customer service has solidified its position as a leader in the industry. U-Haul's recent expansion into sustainable practices and digital technologies showcases its adaptability and forward-thinking approach.
U-Haul is offering 30 days of free self-storage and U-Box portable container use across Florida in preparation for Hurricane Milton, a Category 5 storm projected to hit the state's western Gulf Coast. This disaster relief program is available at all 172 U-Haul self-storage centers in Florida, including areas affected by the recent Hurricane Helene.
The offer applies to new rentals based on availability at Company-owned and -operated locations. U-Haul has made this service available through 14 U-Haul Companies operating in Florida, covering cities from Clearwater to Miami. Mario Martinez, U-Haul Area District Vice President for Florida's southern region, emphasized the importance of safety and helping families secure their possessions during these stressful times.
U-Haul has expanded its self-storage services in the Twin Cities area, opening three new facilities and announcing plans for a fourth. The company acquired three former Extra Space Storage locations in Minneapolis and St. Paul, offering nearly 2,600 indoor self-storage units with climate-control options and high-tech security features. Additionally, U-Haul plans to build a new full-service center in Ramsey by fall 2026, which will include 1,150 self-storage units and a U-Box warehouse for up to 800 portable moving containers.
The expansion will create up to 46 new jobs across the four locations. U-Haul emphasizes its commitment to hiring locally and giving preference to veterans. The company now operates 33 owned and operated stores in Minnesota, aiming to increase customer convenience and serve underserved communities in the Twin Cities area.
U-Haul Holding Company, the parent company of U-Haul International, Inc., North America's largest do-it-yourself moving and self-storage company, has announced its participation in the 10th Annual Evercore ISI Storage Symposium. The event is scheduled to take place in New York City on Tuesday, October 1, 2024.
Jason Berg, the Chief Financial Officer of U-Haul Holding Company, will represent the company at the symposium. His role will involve meeting with institutional investors and participating in the conference's Development Panel. This participation highlights U-Haul's engagement with the investment community and its position in the storage industry.
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.
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