U-Haul Holding Company Stock Price, News & Analysis

U-Haul opened a new retail and indoor storage facility at 4225 Fulton Industrial, formerly the Mosley Motel, on Aug. 3, 2020. This $2 million project features 164 high-tech, climate-controlled storage units and plans for an additional 800 units. U-Haul aims to enhance the Atlanta community by offering a wide range of services and products in a modern facility. The company, which acquired the property in 2018, is also looking to hire at least 10 local team members. U-Haul has remained an essential service during COVID-19, ensuring customer safety with contactless protocols.

AMERCO (Nasdaq: UHAL), the parent company of U-Haul, will host its fourteenth annual virtual analyst and investor meeting on August 20, 2020, at 11 a.m. Arizona time (2 p.m. Eastern Time). This event is vital for investor engagement, allowing representatives to interact with analysts and investors. Chairman Joe Shoen emphasized the meeting's importance while highlighting its alignment with corporate sustainability efforts. Shareholders can join via www.amerco.com and submit questions to investorrelations@amerco.com prior to the meeting.

AMERCO (Nasdaq: UHAL) reported a decline in net earnings for Q1 FY2021, with earnings available to shareholders at $87.7 million ($4.47 per share), down from $132.4 million ($6.76 per share) in the same period last year. Self-moving equipment rental revenues decreased by $94.3 million (12.6%) due to COVID-19, although a recovery was noted with less severe declines in May and June. In contrast, self-storage revenues rose by $10.7 million (10.9%), driven by a 15% increase in occupied units. The company is adjusting capital spending based on COVID-19 impacts.

U-Haul is offering one month of free self-storage and U-Box container usage at 30 facilities across Florida, Georgia, and South Carolina for residents affected by Hurricane Isaias. This initiative aims to assist those in high-risk areas as severe weather conditions are expected, including strong winds and heavy rain. The company's president emphasized the importance of safeguarding possessions during such emergencies. U-Haul has previously provided similar support to college students due to COVID-19 disruptions, showing its commitment to community aid.

AMERCO (Nasdaq: UHAL), parent company of U-Haul, will release its first quarter fiscal 2021 financial results on August 5, 2020, after market close. An investor conference call is scheduled for August 6, 2020, at 8 a.m. Arizona Time (11 a.m. ET). U-Haul, founded in 1945, is a leader in do-it-yourself moving and self-storage with over 22,000 locations across the U.S. and Canada, offering a wide range of services including the largest shared fleet of moving vehicles. The company emphasizes sustainability through its fuel-efficient products and recycling initiatives.

U-Haul has opened a new storage facility at 451 S. River Road in Bedford, NH, providing nearly 1,000 self-storage units, including 884 indoor climate-controlled and 95 outdoor drive-up units. This facility features high-tech security and a convenient location near the Manchester Regional Airport. U-Haul plans to hire 25 local team members and aims to support community job growth. As an essential service, U-Haul continues to offer contactless services during COVID-19. The facility also provides truck and trailer sharing, portable storage options, and a retail showroom for moving supplies.

U-Haul Moving & Storage of Sierra Vista will permanently close on July 20, 2020, after serving the Cochise County area since 1984. The property will be leased to a new tenant while maintaining ownership. Customers can access U-Haul products 1.2 miles away at the Veterans Park location, acquired in 2018, which offers various moving and storage services. This closure will result in the loss of three U-Haul Team Members. U-Haul continues to operate amidst COVID-19, implementing safety protocols. For more details, visit uhaul.com.

U-Haul has announced the upcoming closure of its store located at 32 W. Ajo Way in Tucson, which has been in operation since 1976. The facility will cease retail operations in the coming weeks, and its self-storage customers will be relocated to a new store approximately two miles away at 1265 E. Benson Hwy, which is set to open on July 20. This closure will result in the loss of five jobs. U-Haul continues to adapt its operations in response to changing demographics and market conditions, emphasizing its role in supporting essential services during the COVID-19 pandemic.

U-Haul will open a new retail and indoor self-storage facility in Tucson, Arizona, on July 20, 2020, located at 1265 E. Benson Hwy. The facility, known as U-Haul Moving & Storage of Bravo Park, includes over 700 indoor storage rooms equipped with high-tech security and climate control at affordable prices. This project took over four years to build, following U-Haul's acquisition of the property in March 2016. U-Haul aims to hire at least five local team members, contributing to job growth in the Tucson community.