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 is offering 30 days of free self-storage to residents affected by the Elkhorn Fire and California Lightning Complex fires. This initiative comes as evacuation orders have been implemented, creating a need for secure storage locations. U-Haul has expanded its facilities to assist impacted individuals, adding five new locations to support residents in Tehama County and the Bay Area. U-Haul's long-standing presence in the community aims to provide essential services during emergencies.
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U-Haul is providing 30 days of free self-storage to residents affected by the fast-moving grass fire in Vacaville, California, as evacuation orders are in place. The initiative aims to support those needing secure locations to store personal belongings during this crisis. U-Haul's president stated the company wants to be a good neighbor and assist the community. Three local facilities have been designated for this program. U-Haul emphasizes its commitment to community needs, ensuring safety protocols are in place for customers.
U-Haul is offering 30 days of free self-storage and U-Box container usage to residents of Iowa impacted by severe storms with winds exceeding 100 mph. The initiative covers 16 store locations across Iowa and two in Illinois, aimed at assisting affected individuals during recovery efforts. Randy Dickson, president of U-Haul Company of Western Iowa, emphasized the company's commitment to support the community in need. For further assistance, residents can contact the nearest participating locations for storage solutions.
U-Haul at Fulton Industrial in Atlanta is permanently closing on Aug. 12, 2020, after 36 years of operation. The company will retain ownership of the property and lease it to a new tenant. Customers can access U-Haul products nearby at a new facility at 4225 Fulton Industrial, which includes essential moving services and storage options. The closure will impact nine employees. U-Haul continues to operate as an essential service during the COVID-19 pandemic, implementing safety protocols to protect both staff and customers.
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.