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U-Haul Holding Company (UHALB) Stock News, Jun-Jul 2020

UHALB NYSE

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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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.

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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.

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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.

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U-Haul® has acquired the former Aladdin Self-Storage building in east Louisville, enhancing service offerings for local customers. The purchase, made on June 15, will allow U-Haul to operate self-storage rooms with climate control and advanced security features. The facility includes truck rentals, towing equipment, and moving supplies, with plans for propane exchanges. U-Haul's commitment to the Louisville community extends to job creation, hiring locally for the new location. This strategic expansion supports U-Haul's mission to provide essential moving and storage solutions.

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U-Haul has announced plans for an adaptive reuse project at an unoccupied building in Madison, Tennessee, converting it into a full-service moving and self-storage facility. The property, acquired on January 3, will feature 700 climate-controlled self-storage units, with renovations expected to complete this fall. The facility emphasizes sustainability by reusing existing structures, aiding in local job creation by hiring at least six team members, and providing enhanced security features for storage units. U-Haul remains operational amidst COVID-19, offering contactless services and promoting community support.

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U-Haul is launching an adaptive reuse project at a former Kmart store in Latrobe, converting the 90,243-square-foot space into 700 climate-controlled self-storage units. The initiative aligns with U-Haul's sustainability goals, preventing substantial waste and emissions. U-Haul plans to offer moving services and create at least 12 jobs in the area. The project aims to enhance community value while promoting eco-friendly practices and local employment.

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U-Haul has acquired a 5.59-acre site in Murfreesboro, Tennessee, for a new moving and self-storage facility, set to open in 2021. The facility will feature over 130,000 square feet of space across five stories, with more than 800 climate-controlled self-storage units. Located near Middle Tennessee State University, it aims to meet the needs of local residents and students. U-Haul expects to create at least 12 jobs and is committed to enhancing community mobility and storage solutions.

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U-Haul is expanding its Clarksville facility by acquiring a 1.29-acre used car lot to enhance its self-storage services. The new multi-story building will feature about 300 additional storage rooms equipped with high-tech security, targeting completion by 2021. This expansion responds to the increasing demand for storage as Clarksville grows. U-Haul plans to hire locally for this project, supporting community job growth. The Clarksville facility has been a local service provider since 1979 and continues to offer various moving products and services.

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U-Haul is set to develop a modern retail and self-storage facility in St. Augustine, following a recent land acquisition on CR 16A and SR 16. The future U-Haul Moving & Storage of Mill Creek will feature over 1,000 climate-controlled storage units, truck sharing, and high-tech security. Encompassing 100,000 square feet, the facility is expected to be operational by fall 2021. U-Haul plans to hire locally, promoting job growth and aims to reduce traffic congestion in the area.

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Collegeboxes, the leading student storage and shipping provider, has unveiled an early delivery service for students amidst the COVID-19 pandemic. This initiative aims to assist students in adhering to safety protocols by delivering items directly to their dorms prior to their arrival. With the Ship-To-School service, students can avoid crowding during move-in days, reducing contact and promoting social distancing. A 10% discount is available for orders using the promo code STS2020. Collegeboxes, backed by U-Haul, can efficiently serve a wide range of educational institutions nationwide.

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FAQ

What is the current stock price of U-Haul Holding (UHAL.B)?

U-Haul Holding (UHAL.B) last closed at $52.17.

What is the market cap of U-Haul Holding (UHALB)?

The market cap of U-Haul Holding (UHALB) is approximately $10.1B.