Welcome to our dedicated page for U-Haul Holding news (Ticker: UHAL), a resource for investors and traders seeking the latest updates and insights on U-Haul Holding stock.
U-Haul Holding Company reports developments tied to its do-it-yourself moving, self-storage and insurance businesses. Company announcements commonly cover U-Haul International's truck, trailer and U-Box container services, storage-facility openings, self-storage pricing programs, disaster-relief storage offers and customer access tools such as U-Haul Truck Share 24/7.
Updates also include quarterly financial results, dividends on Series N Non-Voting Common Stock, fleet and storage-capacity commentary, and items involving subsidiaries such as Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. The recurring disclosures connect U-Haul's moving and storage network with related propane, trailer-hitch, packing-supply and insurance operations.
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.
U-Haul Co. of North Austin is offering 30 days of free self-storage and U-Box container usage to families affected by the recent tornado in Temple, Texas. Thirteen facilities are participating in this initiative, providing essential storage solutions to help with recovery. The offer is available for new rentals and based on availability but excludes residential delivery and pick-up. U-Haul is also a recognized American Red Cross Disaster Responder, emphasizing its commitment to aiding communities during disasters.
U-Haul has acquired a former K-Mart building in Germantown, Memphis, converting it into a new U-Haul Moving & Storage of Germantown facility. The 13.7-acre site, bought on May 1, now offers nearly 1,000 self-storage units. U-Haul plans to add 200 more units and provide additional services, including truck rentals, moving supplies, hitch installation, and propane exchange.
The facility is the ninth U-Haul store in Memphis and will operate seven days a week with varying hours. U-Haul aims to hire up to 15 local employees, prioritizing veterans. The acquisition aligns with U-Haul's Corporate Sustainability initiatives, emphasizing adaptive reuse of buildings and promoting green programs like the Take A Box, Leave A Box initiative and a storage re-use center.
U-Haul has acquired the former StoreEase Self Storage facility at 2752 Blanding Blvd., Middleburg, FL, to expand its services in Clay County. The 11-acre property now operates as U-Haul Moving & Storage at Black Creek and offers 534 self-storage units, including indoor climate-controlled rooms. Additional services include moving truck rentals and green initiatives like the Take A Box, Leave A Box program. The facility is managed remotely by U-Haul Moving & Storage of Middleburg-Lakeside, located 6 miles away. Operating hours are 9 a.m. to 5 p.m. daily. U-Haul emphasizes community convenience and sustainability, with programs aimed at reducing waste and improving fuel economy.