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.
News for U-Haul Holding Company (NYSE: UHAL, UHAL.B) centers on its Moving and Storage operations, insurance subsidiaries and capital markets activity. As the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, the company issues regular updates through press releases and SEC-referenced announcements.
Investors and observers can expect coverage of quarterly and semiannual financial results, where U-Haul Holding Company reports revenues and earnings from operations by segment, discusses trends in self-moving equipment rental, self-storage performance, U-Box container growth and key cost items such as fleet depreciation and maintenance. These releases also highlight cash and credit availability, debt metrics and adjusted EBITDA for the Moving and Storage segment.
Another recurring category of news involves the U-Haul Growth Index, which ranks U.S. states, metropolitan areas and cities based on net gains or losses of one-way U-Haul customers. These stories identify top growth states like Texas and Florida in specific years, leading metros such as Dallas-Fort Worth-Arlington, and growth cities such as Ocala, Florida, using transaction data from millions of one-way rentals across the U.S. and Canada.
Company communications also frequently describe community-focused initiatives, including offers of 30 days of free self-storage and U-Box container usage in areas affected by flooding and other natural disasters. Additional news items may cover network developments such as the opening or closure of repair shops, job creation at new facilities, participation in investor conferences, and announcements of dividends on the company’s non-voting common stock.
By following this news feed, readers can monitor U-Haul Holding Company’s operating trends, geographic migration insights, disaster relief efforts and corporate actions in one place.
U-Haul has acquired a 6.88-acre property at 19600 S. Harlem Ave. in Frankfort, Illinois, to meet the moving and self-storage needs of Will County. The location will be the first U-Haul-operated center in Frankfort and is strategically situated near Interstates 80 and 57. The new facility will include a three-story, 94,764-square-foot building with 937 indoor climate-controlled self-storage rooms and high-tech security features. The facility will also offer truck and trailer sharing, moving supplies, propane, and green initiatives. Services will start in August. U-Haul plans to hire up to 10 local team members, with a preference for veterans.
Ridgefield, the birthplace of U-Haul, will soon house its own U-Haul store, set for a grand opening in 2026. The new facility, U-Haul Moving & Storage of Ridgefield, will feature 850 indoor climate-controlled storage units on a 5.75-acre lot at 17601 NE Union Road. The property was purchased on May 24, 2024. This 94,764-square-foot, three-story center will also offer moving trucks, trailers, towing equipment, and much more. U-Haul plans to hire up to 20 local team members, contributing to job growth in the community. This development enhances U-Haul's service offerings in southern Washington, addressing a previously unmet need in Ridgefield.
U-Haul has announced plans to build a new facility at 6303 Calumet Ave., Hammond, Indiana, expected to be completed by summer 2026. The new center will be just a third of a mile from its existing location at 822 165th St. The project, intended to meet the growing community needs, will feature a three-story building with a modern retail showroom and 676 climate-controlled storage units. Acquired on May 26, the 2.7-acre property will also offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies. U-Haul aims to hire locally, promoting job growth and offering veterans hiring preference. The company emphasizes sustainability through its shared-use model and adaptive reuse initiatives.
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 announces plans for its first retail, moving, and self-storage center in Clarkdale, Arizona, expected to be completed by summer 2026. The 9.18-acre site, acquired on May 24, will feature a three-story building with over 700 climate-controlled storage units, a spacious retail showroom, and various moving services. U-Haul aims to hire up to 14 local employees, including veterans, to staff the new facility. The new store will support U-Haul's sustainability initiatives through shared-use business models and eco-friendly practices. Until the store opens, customers can use the nearby U-Haul location in Cottonwood.
U-Haul has acquired 11.23 acres at 16963 Douglas Road in Mishawaka, Indiana, to build a new retail, moving, and self-storage facility named U-Haul Moving & Storage of University Park.
Scheduled to open by summer 2026, the facility will offer 967 climate-controlled storage units and various services, including truck and trailer rentals, moving supplies, and professional hitch installation.
Located 1.3 miles from the University of Notre Dame, it aims to serve students and staff. U-Haul plans to hire up to 17 local employees and will emphasize veteran recruitment.
This new location will be U-Haul's fourth self-storage property in Mishawaka and continues their environmental initiatives through shared-use business models and sustainable practices.
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 is offering 30 days of free self-storage and U-Box container usage to victims of tornadoes that devastated Rogers and Bentonville, Arkansas; Claremore and Pryor, Oklahoma; and Valley View, Texas. The assistance includes access to dry and secure storage rooms and portable storage containers. This offer is available at eight U-Haul facilities across the three states. U-Haul emphasizes its commitment to community support, particularly in times of natural disaster, and collaborates with the American Red Cross as an official Disaster Responder. Affected residents can contact their nearest participating U-Haul facility for more information.
U-Haul announced plans for a new, state-of-the-art retail, moving, and self-storage facility in North Buford, GA, set to be completed by spring 2026. The facility will feature over 800 climate-controlled storage units, truck and trailer sharing, and various moving supplies. The project, which will create 30 jobs, highlights U-Haul’s commitment to sustainability with eco-friendly initiatives such as Adaptive Reuse and U-Box Load Share. U-Haul aims to support local job growth and continues to be recognized as a top employer for veterans.