U-Haul Holding Company Stock Price, News & Analysis

U-Haul Holding Company (NYSE: UHAL, UHAL.B) is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. According to company disclosures, U-Haul is in the shared use business and was founded on the philosophy that the division of use and specialization of ownership benefits both customers and the environment. The group operates in the transportation and warehousing sector, with activities that include moving equipment rentals, self-storage, and related insurance and real estate services.

The company reports three primary segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment generates revenue from self-moving equipment rental, self-storage, product and service sales, property management fees and other related activities. The Property and Casualty Insurance and Life Insurance segments provide insurance products that support the broader U-Haul ecosystem and other customers, as reflected in segment disclosures in its financial reports.

U-Haul brand and shared-use model

Through U-Haul International, Inc., the group focuses on do-it-yourself moving and self-storage. Company materials state that U-Haul has been the No. 1 choice of do-it-yourself movers since 1945, supported by a network of more than 24,000–25,000 rental locations across all 50 U.S. states and 10 Canadian provinces. U-Haul describes itself as operating a shared-use business model, where customers access equipment such as trucks, trailers and portable containers when needed rather than owning them.

U-Haul highlights a large rental fleet that includes approximately 203,000 trucks, 137,400 trailers and 41,700 towing devices, based on recent company communications. The company offers U-Haul Truck Share 24/7, which provides secure access to trucks every hour of the day through customer self-dispatch and return options on smartphones, supported by its patented Live Verify technology.

Self-storage and real estate operations

U-Haul Holding Company owns and manages self-storage facilities through its Moving and Storage segment and Amerco Real Estate Company. Company data indicate that U-Haul is the third largest self-storage operator in North America, with more than 1,093,000 to 1,111,000 rentable storage units and tens of millions of square feet of rentable self-storage space at owned and managed facilities. The company’s financial disclosures provide detailed self-storage metrics, including unit counts, rentable square footage, occupancy rates and revenue per foot by state and province.

In addition to company-owned locations, U-Haul works with independent neighborhood dealers and company-operated retail locations to expand access to moving and storage services. The self-storage portfolio is diversified geographically across many U.S. states and Canadian provinces, as shown in its self-storage portfolio summaries.

Insurance and financial services

Through Oxford Life Insurance Company and Repwest Insurance Company, U-Haul Holding Company participates in life insurance and property and casualty insurance markets. Segment information in its financial reports shows revenues and earnings from operations for these insurance businesses, including life insurance premiums, property and casualty insurance premiums, and investment and interest income. These insurance operations complement the Moving and Storage segment by providing coverage related to moving, storage and other activities.

Products, services and related activities

Company descriptions state that U-Haul Holding Company, primarily through U-Haul, offers moving truck, trailer and self-storage rentals. It also provides moving boxes, packing supplies, LPG (propane) refills, trailer hitch and wiring installation, storage container rentals, and other related services. U-Haul identifies itself as the top or largest retailer of propane in the U.S. in its communications and notes that it is the largest installer of permanent trailer hitches in the automotive aftermarket industry.

The company’s U-Box portable moving and storage containers are part of its Moving and Storage segment. Financial disclosures attribute growth in "other revenue" within Moving and Storage to expansion of the U-Box product offering, including additional warehouse space, containers and delivery equipment. The company also earns property management fees associated with managing self-storage locations.

Geographic reach and migration data

U-Haul materials emphasize an expansive network that covers all 50 U.S. states and 10 Canadian provinces, with more than 24,000 rental locations. This network supports the U-Haul Growth Index, which ranks states, metropolitan areas and cities based on net gains or losses of one-way U-Haul customers. The index is compiled from well over 2.5 million annual one-way transactions across the U.S. and Canada and is used by the company as a gauge of migration trends.

Press releases highlight recurring findings from the U-Haul Growth Index, such as Texas and Florida ranking among the top growth states based on net in-migration as measured by one-way rentals, and specific metros and cities like Dallas-Fort Worth-Arlington and Ocala, Florida, appearing at the top of growth lists in certain years. The company notes that these rankings do not necessarily correlate directly to population or economic growth but provide insight into where customers are moving.

Community support and disaster relief

U-Haul Holding Company, through U-Haul, describes a recurring disaster relief program that offers 30 days of free self-storage and U-Box container usage at participating company facilities to residents affected by natural disasters such as floods. Recent examples include offers of free storage in parts of Oregon, southern Washington and Florida following flooding events. The company notes that these offers apply to new rentals and are subject to availability, and that U-Box offers in these programs are typically for on-site storage at company facilities, with delivery available for a fee.

U-Haul also states that it is an official American Red Cross Disaster Responder, underscoring its role in supporting communities during emergencies through access to storage and equipment.

Corporate governance and capital markets activity

U-Haul Holding Company is incorporated in Nevada and files reports with the U.S. Securities and Exchange Commission under Commission File Number 001-11255. It has both voting common stock and Series N non-voting common stock (traded as UHAL.B). The company holds annual meetings of stockholders where shareholders vote on the election of directors, ratification of the independent registered public accounting firm, stockholder proposals and approval of stock option plans, as detailed in its definitive proxy statements.

Recent Form 8-K filings indicate that the company periodically issues press releases announcing quarterly financial results and dividends on its non-voting common stock. Another Form 8-K notes the filing of a prospectus supplement under an effective shelf registration statement for fixed rate secured notes, along with a legal opinion on the notes.

Technology and customer access

U-Haul highlights the U-Haul app and its Truck Share 24/7 program as key tools for customer access. According to company descriptions, customers can use the app for self-dispatch and return of trucks at any time, supported by Live Verify technology that helps authenticate users. This approach is intended to provide secure, around-the-clock access to moving equipment without requiring in-person interaction during standard office hours.

Employment and recognition

Company communications state that U-Haul is veteran-founded and family-run. U-Haul reports that it has been recognized repeatedly as a "Best for Vets" employer and has been named among the "Healthiest Workplaces in America" in certain rankings. The company also notes efforts to create jobs through new facilities, such as opening repair shops that service regional fleet equipment and support future retail, moving and self-storage centers.

Business scale and financial reporting

U-Haul Holding Company provides detailed segment and product-line revenue information in its financial reports, including self-moving equipment rental revenues, self-storage revenues, product and service sales, insurance premiums, investment income and other revenue. It discloses earnings from operations by segment, depreciation and gains or losses on disposals of equipment and real estate, debt metrics, cash and credit availability, and self-storage occupancy statistics.

These disclosures give investors insight into the scale of the Moving and Storage segment relative to the insurance segments, the capital intensity of the fleet and real estate, and the performance of self-storage assets across different geographies. The company also reports adjusted EBITDA, net debt metrics and unencumbered asset ratios for its Moving and Storage operations.