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.
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AMERCO (Nasdaq: UHAL) reported a net earnings increase to $610.9 million, or $31.15 per share, for the fiscal year ending March 31, 2021, compared to $442.0 million, or $22.55 per share, in the previous year. The fourth quarter earnings were $73.8 million, or $3.76 per share, down from $122.4 million, or $6.24 per share, year-over-year. Self-moving equipment rental revenues surged 33% in Q4 and 15% for the year. Self-storage revenues rose 19% in Q4 and 14% annually. Despite challenges in capital expenditures, operational performance improved significantly, reflecting strong customer demand.
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U-Haul is providing 30 days of free self-storage to residents in southeast Texas and southwest Louisiana affected by recent storms and severe flooding. This initiative involves five facilities located in Texas and Louisiana, aiming to support families who have suffered damage or loss of property. The flooding has severely impacted areas like Beaumont and Baton Rouge, causing road closures and necessitating rescues. U-Haul emphasizes its commitment to community aid, and impacted residents can reach out to local facilities for assistance.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, will release its fourth quarter fiscal 2021 financial results on May 26, 2021, after market close. An investor conference call and webcast is scheduled for May 27, 2021, at 8 a.m. Arizona Time (11 a.m. ET). These events may include forward-looking statements. The financial results will provide insights into U-Haul's performance in the DIY moving and self-storage industry, which serves a vast customer base across North America.
U-Haul is providing 30 days of free self-storage for residents affected by the Tussock Fire in Crown King, Arizona, following recent evacuation orders. The fire, which started recently, has prompted concerns for personal belongings, leading U-Haul to assist those in need at their Wickenburg location. U-Haul is also recognized as an official American Red Cross Disaster Responder and continues to serve communities during COVID-19 with contactless programs. The company operates 22,000 locations and offers nearly 774,000 storage units across North America.
U-Haul has acquired 4.49 acres in Goodyear, Arizona, for a new moving and self-storage facility, set to open in 2022. The $100 million project includes a three-story building of over 100,000 square feet, offering 700+ climate-controlled storage units and high-tech security. U-Haul aims to meet the growing demand from the area's expanding population. The facility will provide essential services, including truck rentals and moving supplies. U-Haul plans to hire at least 10 local team members, emphasizing job growth and community support.
U-Haul plans to transform the former Capitol Archives & Record Storage building in Hartford into a modern self-storage facility. The site, acquired on March 25, will feature 87,387 square feet of storage space with high-tech security and climate-controlled units. Renovations are expected to finish this summer. The company aims to address local demand for storage options while enhancing sustainability through adaptive reuse. U-Haul will also create at least 10 new jobs and continue its commitment to local hiring, particularly focusing on veterans.
U-Haul has launched 636 new self-storage units at 15 Pleasant St. Connector, Framingham, a site acquired in March 2018. The facility features indoor climate-controlled storage with advanced security and an indoor loading area. U-Haul aims to enhance the local community by repurposing vacant buildings, supporting sustainability initiatives that reduce carbon footprints. The 93,088-square-foot facility, previously occupied by Genzyme, showcases U-Haul's commitment to providing clean and secure storage solutions. U-Haul remains operational during the COVID-19 pandemic, ensuring safety through contactless services.