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U-Haul Holding Company (UHALB) Stock News, Jun 22-29, 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 is expanding its operations in West Allis, Wisconsin, by acquiring a 79,805-square-foot property to increase self-storage capacity. The new facility will provide approximately 700 indoor units featuring high-tech security and climate control, addressing the growing demand in the area. This project, driven by U-Haul's sustainability initiatives, is expected to be completed by 2021. The company aims to create local jobs, planning to hire at least six new team members post-expansion.

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U-Haul has acquired a 9.35-acre property in Mansfield, Ohio, previously occupied by Big Lots and Value City Furniture. This acquisition is part of U-Haul's plan to develop a new self-storage facility featuring approximately 600 climate-controlled units with advanced security features. The facility aims to promote job growth and sustainability, reducing the carbon footprint by repurposing existing buildings. The opening is anticipated in 2021, with U-Haul currently operating from a temporary showroom and offering services like truck rentals and moving supplies.

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U-Haul at Preston Hwy in Louisville is expanding its services by acquiring a 1.72-acre property to build a multi-story self-storage facility. The new building will feature around 800 self-storage units, including indoor climate-controlled options, and will be completed by 2021. The expansion aims to meet the high demand for self-storage in the area. U-Haul continues to operate essential services throughout the COVID-19 pandemic, supporting moving needs for various groups. The initiative also promises local job opportunities during and after construction.

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U-Haul is providing 30 days of free self-storage for residents affected by the Central Fire in New River and the Aquila Fire near Anthem, Arizona. The Central Fire has burned approximately 4,000 acres with 23% containment, while the Aquila Fire has reached 1,000 acres. Evacuation orders are in place, prompting U-Haul's initiative to offer storage solutions for those in need. This follows similar offers for other recent fire victims in Arizona. For more details, individuals can contact U-Haul locations directly for assistance.

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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.