UHALB - UHALB STOCK NEWS

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.

U-Haul Holding Company (UHAL) to participate in Granite Research Virtual Conference Series to engage with institutional investors.

U-Haul Holding Company (NYSE: UHAL) declares a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock, marking the sixth dividend under the Company's policy announced in October 2022.

U-Haul Holding Company (NYSE: UHAL) to participate in Wolfe Research Virtual Real Estate Conference, showcasing updated investor presentation.

U-Haul Holding Company (UHAL) reported a decrease in net earnings and earnings per share for the third quarter of fiscal 2024 compared to the same period last year. Self-moving equipment rental revenues decreased, while self-storage revenues increased. The company saw growth in other revenues for moving and storage. However, depreciation, net of gains on sales, increased significantly. Overall, the company is experiencing mixed results in its various business segments.