U-Haul Holding Company (NYSE: UHAL, UHAL.B) generates a steady flow of news through its U-Haul moving and storage operations, insurance subsidiaries and real estate activities. As parent to U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, it issues updates that touch on transportation, self-storage, insurance and capital markets topics.
News about U-Haul often highlights its role as the No. 1 choice of do-it-yourself movers, its large fleet of trucks, trailers and towing devices, and its extensive network of more than 24,000 rental locations across all 50 states and 10 Canadian provinces. Releases also describe the company’s position as the third largest self-storage operator in North America, with over a million rentable storage units and tens of millions of square feet of storage space at owned and managed facilities.
Investors and observers can expect coverage of quarterly financial results, dividend declarations on the Series N Non-Voting Common Stock (UHAL.B), participation in investor forums, and operating metrics for the moving and storage segment. The company also issues frequent announcements about its U-Haul Growth Index, ranking states, metros and cities by net gains of one-way customers, which it presents as a gauge of migration trends.
Another recurring news theme is U-Haul’s disaster relief efforts, where it offers 30 days of free self-storage and U-Box container usage to communities affected by floods and other natural events. Updates on new repair shops, facility openings or changes, and community programs also appear. This news page brings these developments together so readers can follow how U-Haul Holding Company and its UHAL.B share class are evolving across moving, storage, insurance and real estate activities.
U-Haul has opened its first store in Livingston, Texas, at the former Lake Livingston Outlet Mall, following its acquisition on June 12, 2024. The 7.5-acre property at 440 Highway 59 Loop S now offers a range of moving services, including truck rentals, trailers, towing devices, and moving supplies. Future plans include climate-controlled storage, RV and boat parking, and a deluxe showroom. The adaptive reuse of the property aligns with U-Haul's sustainability initiatives, reducing emissions and eliminating blight. U-Haul aims to hire up to 12 local team members and emphasizes hiring veterans. This new center contributes to U-Haul's extensive network of over 190 stores in Texas.
Seven U-Haul companies in southern and central Florida announced the availability of 87 self-storage facilities for flood victims, offering 30 days of free storage services. This initiative comes in response to severe flooding that started Tuesday, causing widespread disruptions and a state of emergency declared by Florida Gov. Ron DeSantis. Areas affected include Miami, Fort Lauderdale, West Palm Beach, Sarasota, and Tampa. U-Haul's program aims to provide critical dry storage for families and businesses during the recovery phase. The offer is valid for new self-storage rentals, based on availability. More information can be obtained from participating U-Haul stores across Clearwater, East Tampa, Eastern Florida, Fort Lauderdale, Miami, West Tampa, and Western Florida.
U-Haul has acquired a 6.88-acre property at 19600 S. Harlem Ave. in Frankfort, Illinois, to meet the moving and self-storage needs of Will County. The location will be the first U-Haul-operated center in Frankfort and is strategically situated near Interstates 80 and 57. The new facility will include a three-story, 94,764-square-foot building with 937 indoor climate-controlled self-storage rooms and high-tech security features. The facility will also offer truck and trailer sharing, moving supplies, propane, and green initiatives. Services will start in August. U-Haul plans to hire up to 10 local team members, with a preference for veterans.
Ridgefield, the birthplace of U-Haul, will soon house its own U-Haul store, set for a grand opening in 2026. The new facility, U-Haul Moving & Storage of Ridgefield, will feature 850 indoor climate-controlled storage units on a 5.75-acre lot at 17601 NE Union Road. The property was purchased on May 24, 2024. This 94,764-square-foot, three-story center will also offer moving trucks, trailers, towing equipment, and much more. U-Haul plans to hire up to 20 local team members, contributing to job growth in the community. This development enhances U-Haul's service offerings in southern Washington, addressing a previously unmet need in Ridgefield.
U-Haul has announced plans to build a new facility at 6303 Calumet Ave., Hammond, Indiana, expected to be completed by summer 2026. The new center will be just a third of a mile from its existing location at 822 165th St. The project, intended to meet the growing community needs, will feature a three-story building with a modern retail showroom and 676 climate-controlled storage units. Acquired on May 26, the 2.7-acre property will also offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies. U-Haul aims to hire locally, promoting job growth and offering veterans hiring preference. The company emphasizes sustainability through its shared-use model and adaptive reuse initiatives.
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.