U-Haul Holding Company Stock Price, News & Analysis

U-Haul has completed the transformation of a former Kmart building in Lima, Ohio, into a new full-service moving and storage facility. The 104,685-square-foot facility at 2200 Allentown Road opened on November 18, 2023, featuring 700 indoor climate-controlled storage units with high-tech security. The 13.4-acre property acquisition includes an adjacent retail shopping plaza, where U-Haul will continue leasing space to existing tenants while serving as the anchor store.

This facility represents a significant upgrade from their previous location, offering 20 times more capacity. The renovation aligns with U-Haul's Adaptive Reuse program, which prevented approximately 782 tons of metal manufacturing and 5,007 tons of concrete usage, while avoiding 8,939 tons of demolition debris and 5.19 million pounds of greenhouse gas emissions.

U-Haul Holding Company (NYSE: UHAL, UHAL.B) has declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B). The dividend will be paid on December 27, 2024 to shareholders of record as of December 16, 2024. This marks the ninth dividend distribution since the company introduced its dividend policy in October 2022.

U-Haul has opened its first retail, moving and storage center in Rocky Mount, North Carolina, expanding services to Nash and Edgecombe Counties. The facility at 131 S. Wesleyan Blvd was acquired on November 20 and features 457 indoor climate-controlled storage units. The 8.59-acre property offers truck and trailer sharing, a retail showroom, and green initiatives. Future plans include outdoor drive-up storage units and U-Box portable containers. This marks U-Haul's 49th company-owned location in North Carolina. The facility operates seven days a week and plans to hire two team members to support operations.

U-Haul has expanded its presence in Kingsport, Tennessee with the acquisition of the former All Season Storage property at 4303 Fort Henry Drive. The 0.75-acre facility, now called U-Haul Storage of Fort Henry Drive, was acquired on Nov. 12 and represents the company's 49th owned store in Tennessee. The property features two single-story buildings containing over 300 climate-controlled storage rooms, a covered drive-in load/unload area, and is strategically located near Interstates 81 and 26. The facility operates daily from 5 a.m. to 10 p.m. and implements green initiatives like the Take A Box, Leave A Box program.

U-Haul has announced plans to open a new retail, moving and self-storage center in Oakland, Maryland by January 2026. The facility, named U-Haul Moving & Storage of Deep Creek Lake, will be built on a recently acquired 2.5-acre property. The four-story building will feature 980 self-storage units with high-tech security, offering both climate-controlled and non-climate-controlled options. The facility will provide truck and trailer sharing, hitch installation, towing accessories, a retail showroom, and a covered load/unload area. The company plans to hire up to 10 local team members upon completion, with veterans receiving hiring preference.

U-Haul® has acquired a former Extra Space Storage® facility in Minneapolis, marking its fourth retail, moving and storage center in the city and 39th company store in Minnesota. The facility at 1717 W. River Road N. opened on November 19, featuring 975 indoor climate-controlled and heated self-storage rooms. The two-story building, situated on 2.63 acres, offers covered drive-in load/unload areas and will soon provide access to U-Haul moving trucks, trailers, and moving supplies. The company plans to hire up to eight Team Members to staff the facility, prioritizing local hiring to promote job growth in Minneapolis.

U-Haul has opened a new self-storage facility in Biloxi, Mississippi at 12011 Old Highway 67. The facility, acquired on Sept. 26 and opened on Oct. 1, features 344 indoor climate-controlled storage units. This marks U-Haul's first owned and operated store in Biloxi and 14th in Mississippi. Located near Interstate 10 and MS Highway 15, the facility includes a retail showroom for boxes and moving supplies. Future services will include moving trucks, trailers, towing devices, and propane tank exchange. The facility plans to hire four team members and operates Monday-Saturday, 8 a.m.-4 p.m.

U-Haul Holding Company (NYSE: UHAL, UHAL.B), the parent company of U-Haul International, North America's largest do-it-yourself moving and self-storage company, has announced its participation in Deutsche Bank's 2024 Gaming, Lodging, Leisure & Restaurants One-on-One Conference. The event will take place in Miami Beach, FL on Thursday, Nov. 14. The company's management team will conduct meetings with institutional investors during the conference. No webcast will be available due to the event's format.

U-Haul announced the acquisition of five former KO Storage facilities in Minnesota's Cass and Crow Wing Counties on Nov. 7. The properties, located in the Brainerd micropolitan area, offer a total of 790 drive-up storage units. The largest facility, U-Haul Storage North Baxter in Brainerd, features 379 units, RV storage, and a retail showroom. Other locations include Baxter South (129 units), Nisswa (179 units), and two Pillager facilities (51 and 52 units). The company plans to hire up to 10 new team members to manage these properties, with a focus on veteran recruitment.