U-Haul Holding Company Stock Price, News & Analysis

On August 18, 2022, AMERCO (Nasdaq: UHAL) declared a special cash dividend of $0.50 per share. This dividend will be payable on September 20, 2022 to shareholders of record as of September 6, 2022. AMERCO is the parent company of U-Haul International and other subsidiaries. U-Haul, the leading choice for do-it-yourself movers, operates over 23,000 locations across the U.S. and Canada, with a fleet comprising approximately 186,000 trucks and several other rental and storage options.

AM Best has affirmed Repwest Insurance Company's Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of 'a' (Excellent), with a stable outlook. These ratings highlight Repwest's strong balance sheet and operational performance, driven by solid risk-adjusted capitalization and profitable underwriting results. The company benefits from U-Haul's leading market position and growth in self-storage and self-moving services. Repwest provides commercial inland marine products, ensuring goods stored in various U-Haul offerings.

U-Haul has acquired the former Starpar Storage property at 4541 Tanglewood Drive in Sebring, Florida, marking its first company-owned facility in the area. The new location, operational since July 19, 2022, features 575 rental units and offers a range of services including self-storage, truck and trailer sharing, and moving supplies. Plans are in place to expand with additional drive-up storage units. U-Haul aims to create 20 local jobs at this facility, contributing to the community's growth.

AMERCO (Nasdaq: UHAL), the parent company of U-Haul International, has scheduled its sixteenth annual virtual analyst and investor meeting for August 18, 2022, at 11 a.m. Arizona time (2 p.m. Eastern Time). The meeting aims to enhance investor engagement and align with the company's sustainability initiatives. Attendees can participate by visiting www.amerco.com on the day of the event. AMERCO continues to innovate and expand its offerings in the moving and storage industry, maintaining a strong commitment to its customers and the environment.

U-Haul is responding to severe flooding in Kentucky and Tennessee by offering 30 days of free self-storage and U-Box container usage at six facilities. This initiative aims to assist residents during their recovery from the extensive home damage caused by recent storms. The offer is available while supplies last, and impacted individuals are encouraged to utilize the storage services. U-Haul continues to demonstrate its commitment to community aid, being recognized as an official American Red Cross Disaster Responder.

AMERCO (Nasdaq: UHAL) reported net earnings of $334 million, or $17.03 per share, for Q1 fiscal 2023, down from $345.2 million, or $17.60 per share, year-over-year. Self-moving equipment rental revenues increased by $55.4 million, or 5.4%, and self-storage revenues rose by $35.8 million, or 26%. Occupancy rates improved, with a 19% increase in occupied units. However, operating earnings decreased by $1.4 million due to rising costs. Cash and credit availability in the Moving and Storage segment stood at $3.1 billion, reflecting strong liquidity.

U-Haul has acquired 4.66 acres in Kaukauna, Wisconsin, to construct a new retail, moving, and self-storage facility. Scheduled for completion by summer 2024, the four-story building will exceed 100,000 square feet and include ADA-accessible climate-controlled storage rooms with advanced security features. U-Haul aims to address the growing self-storage demand in the Fox Cities area, which has seen significant population growth. The facility will also provide job opportunities, planning to hire at least 15 local team members.

U-Haul is providing 30 days of free self-storage and U-Box container usage to residents in St. Louis affected by severe flooding. This initiative comes after record rainfall resulted in extensive home damage and rescues by emergency services. U-Haul aims to assist impacted families during the clean-up process by offering storage solutions at no cost. They encourage those in need to contact local facilities for assistance. Additionally, U-Haul is an official American Red Cross Disaster Responder, further emphasizing its commitment to aiding communities in crisis.

U-Haul is providing 30 days of free self-storage to residents of northeast Wisconsin affected by recent flooding. The initiatives come in response to thunderstorms that caused significant damage in Oshkosh, leading to a need for secure storage solutions. U-Haul’s disaster relief program aims to support families during recovery, with facilities ready to assist. Additionally, U-Haul encourages the community to contribute through its 'Take a Box, Leave a Box' program for reusable cardboard boxes. U-Haul remains committed as an official American Red Cross Disaster Responder.