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U-Haul Holding Company (UHAL) Stock News, Apr-Jun 2023

UHAL NYSE

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.

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U-Haul has completed the acquisition of the former Lost River Storage facility in Bowling Green, Kentucky, effective March 1, 2023, aiming to enhance its self-storage services for local residents. The new facility, now called U-Haul Moving & Storage of Lost River, spans five acres and offers 673 self-storage units, truck sharing, moving supplies, and extended access hours. Company president Jonathan Nipps stated that the location previously operated as a self-storage facility, allowing for a smooth transition. U-Haul continues to partner with independent dealers across the U.S. and Canada, facilitating additional income for over 21,000 small businesses. U-Haul is regarded as a leading provider of self-storage solutions, owning approximately 913,000 rentable storage units nationwide.

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U-Haul has acquired the former U-Stor-It self-storage facility located at 3625 W. St. Joseph St., Lansing, as of April 11, 2023. This acquisition expands its services in Lansing, responding to increasing demand for self-storage options. The facility includes 385 drive-up storage units and operates under extended hours, enhancing convenience for customers. This location enhances U-Haul's existing services at its Waverly Road site, thus improving local customer access to clean and secure storage solutions. U-Haul emphasizes an eco-friendly approach by repurposing existing structures rather than new constructions, which aligns with their commitment to community growth and sustainability.

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FAQ

What is the current stock price of U-Haul Holding (UHAL)?

U-Haul Holding (UHAL) last closed at $55.15.

What is the market cap of U-Haul Holding (UHAL)?

The market cap of U-Haul Holding (UHAL) is approximately $10.8B.