Latest news with #U-Box
Yahoo
30-05-2025
- Business
- Yahoo
U-Haul Holding Co (UHAL) Q4 2025 Earnings Call Highlights: Navigating Losses and Strategic Growth
Fourth Quarter Loss: $82.3 million compared to a loss of $863,000 in the same quarter last year. Full Year Earnings: $367.1 million, down from $628.7 million in fiscal 2024. Earnings Per Share (EPS): Fourth quarter loss of $0.41 per share compared to less than $0.01 loss in the previous year. EBITDA (Moving and Storage Segment): Increased by $5.6 million to $217.3 million for the quarter. Full Year EBITDA: Increased by just under $52 million to $1.619 billion. Equipment Rental Revenue: Fourth quarter increase of $29 million, or just over 4%. Full Year Equipment Rental Revenue: Increased by just over $100 million, about 2.8%. Capital Expenditures for New Rental Equipment: $1.863 billion, a $244 million increase compared to fiscal 2024. Proceeds from Sales of Retired Rental Equipment: Declined by $76 million to $652 million. Self-Storage Revenue: Up $18 million, 8% for the quarter; full year up 8% or just under $67 million. Average Revenue Per Occupied Foot: Improved by approximately 1.6%; same-store up 3%. Occupied Unit Count: Increased by over 39,000 units compared to the same time last year. New Storage Locations Added: 82 new locations, 6.5 million new net rentable square feet across 71,000 new rooms. Average Occupancy Ratio: Declined about 2.5% to just over 77%; same-store decreased by 50 basis points to 91.9%. Real Estate Investments: $1.507 billion in fiscal 2025, a $249 million increase over the previous year. U-Box Revenue: Increased by just under $14 million, with U-Box as a primary contributor. Operating Expenses (Moving and Storage): Increased by $53.6 million. Cash and Availability (Moving and Storage Segment): Totaling $1.348 billion as of the end of March. Warning! GuruFocus has detected 4 Warning Signs with UHAL. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. U-Haul Holding Co (NYSE:UHAL) reported a 4% increase in equipment rental revenue for the fourth quarter, with a $29 million rise. The Moving and Storage segment's EBITDA increased by $5.6 million for the quarter, reaching $217.3 million. Self-storage revenues grew by 8% for the quarter, with a 12-month increase of just under $67 million. U-Box revenue saw significant growth, with moving transactions and related storage transactions both increasing by over 20%. The company added 82 new storage locations, totaling 6.5 million new net rentable square feet across 71,000 new rooms during fiscal year 2025. U-Haul Holding Co (NYSE:UHAL) reported a fourth-quarter loss of $82.3 million, a significant increase from the $863,000 loss in the same quarter last year. Full-year fiscal 2025 earnings were $367.1 million, down from $628.7 million in fiscal 2024. The company experienced a decline in interest income at the Moving and Storage segment due to reduced short-term cash balances. Proceeds from the sales of retired rental equipment declined by $76 million, attributed to fewer pickups and cargo vans sold. Average occupancy ratio across all owned locations declined by about 2.5% to just over 77% during the fourth quarter. Q: Can you provide an outlook for U-Haul's top-line growth given the current market conditions? A: Edward Shoen, Chairman of the Board, President, noted that the business is seeing signs of consumer optimism, which is translating into increased business activity. He expects modest growth, with customers showing a willingness to accept rate increases when the company executes with precision. Q: What factors contributed to the significant increase in U-Box growth, and is this growth sustainable? A: Jason Berg, CFO, explained that U-Box moving transactions are growing faster than storage transactions, both in the plus-20% range. Edward Shoen added that the U-Box market is vast and less explored, suggesting a higher growth rate than the truck share operation for many years to come. Q: How is U-Haul addressing the depreciation and fleet acquisition challenges? A: Edward Shoen acknowledged that equipment depreciation is a real cost but should align with revenue over a three to five-year cycle. He noted that the cost of acquiring equipment exceeded projections due to automakers' pricing strategies, but he expects normalization as automakers refocus on their core competencies. Q: What is the company's strategy regarding real estate investments and storage capacity expansion? A: Edward Shoen mentioned that U-Haul has added significant U-Box capacity across North America and is now focused on leveraging these assets. Jason Berg noted that construction costs have been gradually decreasing, allowing for more strategic investments in storage and U-Box warehouse development. Q: Is there a disconnect in the valuation of U-Haul's self-storage portfolio compared to market norms, and how is the company addressing it? A: Jason Berg acknowledged a potential disconnect and stated that U-Haul is providing more detailed information to help investors better value the company. The goal is to communicate the company's worth more effectively to close the valuation gap. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
17-05-2025
- Business
- Business Wire
Tornado Recovery: U-Haul Offers 30 Days Free Storage in 3 States
ST. LOUIS--(BUSINESS WIRE)--U-Haul ® has made 24 Company stores across three states available to help storm victims with 30 days of free self-storage and U-Box ® container usage after a powerful weather system spawned a number of deadly tornadoes on Friday. U-Haul® has made 24 Company stores across three states available to help storm victims with 30 days of free self-storage and U-Box® container usage after a powerful weather system spawned a number of deadly tornadoes on Friday. Share The tornadoes tore through homes — and in some cases communities — while being responsible for more than 20 casualties, according to news reports. Many families remain without power and face a long rebuilding process. While St. Louis and other areas of Missouri were among the hardest hit, cities across multiple states experienced damage. Access to dry and secure self-storage units and portable storage containers is vital to communities during the clean-up process. Find U-Haul-owned and -operated storage near you at The U-Haul Disaster Relief program applies to new self-storage and U-Box rentals and is based on availability. The U-Box portable container offer is for on-site storage at Company facilities. People seeking more information on the 30 days free offer or needing to arrange storage services can call the nearest regional office or visit any U-Haul-owned facility in the participating cities listed below. ILLINOIS U-Haul Co. of Illinois (1 Store) (217) 786-2113 Participating store locations: Carbondale (near impacted city of Marion) MICHIGAN U-Haul Co. of Central Michigan (3 Stores) (517) 507-5352 Participating store locations: Lansing MISSOURI U-Haul Co. of St. Louis (9 Stores) (314) 766-4013 Participating store locations: Ballwin, Overland, St. Louis U-Haul Co. of Missouri Northeast (11 Stores; 2 in Illinois) (314) 355-7902 Participating store locations: Alton (Ill.), East Alton (Ill.), Florissant, Hazelwood, O'Fallon, Spanish Lake, St. Peters, Wentzville In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder. About U-HAUL Celebrating our 80th anniversary in 2025, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,100 trucks, 138,700 trailers and 40,200 towing devices. U-Haul is the third largest self-storage operator in North America with 1,037,000 rentable units and 89.6 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.
Yahoo
25-04-2025
- Business
- Yahoo
U-Haul offers 30 days free storage in Lafayette for residents affected by flooding
LAFAYETTE, La. () — Lafayette residents affected by recent flooding now have a resource to turn to while attempting to recover from the severe weather. of South-Central Louisiana is offering 30 days of free self-storage and container usage at their two Lafayette stores to residents impacted by flash flooding that hit the area early Thursday morning. After five to eight inches of rain fell on Lafayette, Broussard, Youngsville and surrounding cites, causing widespread road closures and potential water damage to many homes and businesses. U-Haul is offering residents access to dry and secure self-storage rooms and portable storage containers. These resources can be essential to communities recovering from a natural disaster. How much rain did we get? Floodwaters submerge cars in Lafayette, Broussard, Youngsville The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability. The U-Box portable container offer is for on-site storage at Company centers. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Residents seeking more information on the disaster relief program or needing to arrange storage services should contact their nearest participating U-Haul. The two participating U-Hauls are located at 700 Kaliste Saloom Road and 3700 Ambassador Caffery Parkway. In addition to the disaster relief program, U-Haul is also at the forefront of aiding communities in times of need as an official . 19-year-old charged with arson in NJ wildfire: Officials Tariff talks between U.S. and China off to rocky start Republicans plan to focus on tax cuts when they return from break Phones, wallets and a Viking horn: Uber shares which items were left behind in 2025 U-Haul offers 30 days free storage in Lafayette for residents affected by flooding Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-03-2025
- Climate
- Yahoo
U-Haul offers free storage for storm victims in Arkansas
FORT SMITH, Ark. (KNWA/KFTA) — In response to the recent severe weather damage across Oklahoma, Texas and Arkansas, U-Haul is providing free 30-day storage at its 366 Centers. This offer also includes access to U-Box containers for additional portable storage. Man reported missing near Mt. Magazine in Logan County Several Arkansas locations are participating, including centers in Fort Smith, Bentonville, Rogers, Springdale, Jonesboro, Little Rock, North Little Rock, Pine Bluff, Russellville and Sherwood. To find a U-Haul center near you, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-03-2025
- Business
- Yahoo
Storm Recovery: U-Haul Offers 30 Days Free Storage at 366 Centers
Tornado outbreak creates need for disaster relief across much of the Southeast, other areas LITTLE ROCK, Ark., March 16, 2025--(BUSINESS WIRE)--U-Haul® has made 366 Company stores available to help storm victims with 30 days of free self-storage and U-Box® container usage after a powerful weather system produced deadly tornadoes, fires, flooding and wind damage across a line of states Friday through Sunday morning. The storms destroyed homes and property – and in some cases communities – while the tornado outbreak was responsible for a number of casualties. Many families remain without power and face a long rebuilding process. Access to dry and secure self-storage units and portable storage containers can assist communities during the clean-up process. U-Haul offered free storage at 16 centers on Saturday in Oklahoma following an outbreak of more than 130 wildfires, and at three centers on Friday in Texas after damaging winds from the same weather system. Now 29 U-Haul regional presidents in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, North Carolina, South Carolina and Tennessee have extended the Company's disaster relief program to accommodate anyone in need with one month of self-storage services at no cost. That adds 347 new locations (listed below) to the 19 sites previously designated in Oklahoma and Texas. Find a U-Haul facility near you at The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability. The U-Box portable container offer is for on-site storage at Company facilities. People seeking more information on the disaster relief program or needing to arrange storage services can call their nearest regional office or visit any U-Haul-owned facility in a participating state and city: ALABAMA U-Haul Co. of Central Alabama (16 Stores) (205) 979-3013 Participating store locations: Auburn, Birmingham, Dothan, Enterprise, Montgomery, Pelham, Prattville, Vestavia Hills U-Haul Co. of Northern Alabama (15 Stores) (256) 217-9696 Participating store locations: Birmingham, Decatur, Florence, Fultondale, Gadsden, Guntersville, Huntsville, Oxford, Tuscaloosa U-Haul Co. of S. Alabama (16 Stores; 10 in Florida) (800) 633-6819 Participating store locations: Elberta, Foley, Fort Walton Beach (FL), Milton (FL), Mobile, Panama City (FL), Panama City Beach (FL), Pensacola (FL), Robertsdale ARKANSAS U-Haul Co. of Arkansas (12 stores) (501) 569-5010 Participating Store Locations: Fort Smith, Jonesboro, Little Rock, North Little Rock, Pine Bluff, Russellville, Sherwood U-Haul Co. of Tulsa, OK (4 stores in Arkansas) (918) 295-5700 Participating Store Locations: Bentonville, Rogers, Springdale GEORGIA U-Haul Co. of Atlanta North (13 Stores) (770) 926-1340 Participating store locations: Alpharetta, Buford, Canton, Cumming, Jasper, Lawrenceville, Lilburn, Norcross, Rome, Snellville, Woodstock U-Haul Co. of Atlanta West (12 Stores) (678) 608-4146 Participating store locations: Atlanta, Carrollton, Dallas, Douglasville, Kennesaw, Marietta, Smyrna U-Haul Co. of Central Georgia (10 Stores) (404) 332-3180 Participating store locations: Atlanta, Chamblee, College Park, Decatur, Forest Park U-Haul Co. of Georgia Northeast (11 Stores) (678) 707-8383 Participating store locations: Athens, Buford, Clarkston, Conyers, Decatur, Oakwood, Snellville, Stone Mountain U-Haul Co. of Southern Georgia (11 Stores) (706) 569-3372 Participating store locations: Albany, Brunswick, Columbus, Kathleen, Macon, Warner Robins U-Haul Co. of Western Georgia (13 Stores) (404) 767-0431 Participating store locations: College Park, Jonesboro, McDonough, Morrow, Newnan, Peachtree City, Riverdale, Stockbridge KENTUCKY U-Haul Co. of Louisville (16 Stores; 2 in Indiana) (502) 491-4184 Participating Store Locations: Evansville (Ind.), Jeffersonville (Ind.), Lexington, Louisville, Lyndon, Owensboro, Radcliff, Versailles MISSISSIPPI U-Haul Co. of Mississippi (13 stores) (601) 352-2602 Participating Store Locations: Biloxi, Gulfport, Hattiesburg, Jackson, Meridian, Pascagoula, Pearl, Tupelo MISSOURI U-Haul Co. of Missouri (16 stores) (417) 887-5832 Participating Store Locations: Branson, Cape Girardeau, Columbia, Jefferson City, Joplin, Ozark, Sedalia, Springfield U-Haul Co. of Missouri Northeast (13 stores, 2 in Illinois) (314) 355-7902 Participating Store Locations: Alton (IL), East Alton (IL), Florissant, Hazelwood, O'Fallon, Spanish Lake, St. Peters, Wentzville U-Haul Co. of St. Louis (11 stores) (314) 766-4013 Participating Store Locations: Ballwin, Overland, St. Louis, University City NORTH CAROLINA U-Haul Co. of Central North Carolina (8 Stores) (336) 802-1776 Participating Store Locations: Greensboro, High Point, Sanford, Thomasville, Winston-Salem U-Haul Co. of East Charlotte (7 Stores) (980) 272-4871 Participating Store Locations: Charlotte, Concord, Pineville U-Haul Co. of Eastern North Carolina (6 Stores) (252) 565-4890 Participating Store Locations: Elizabeth City, Garner, Greenville, New Bern, Rocky Mount, Winterville U-Haul Co. of Raleigh (10 Stores) (919) 875-0059 Participating Store Locations: Chapel Hill, Durham, Raleigh, Wake Forest U-Haul Co. of Southern Atlantic Coast (10 Stores; 5 in South Carolina) (910) 762-8708 Participating Store Locations: Fayetteville, Florence (SC), Jacksonville, Little River (SC), Myrtle Beach (SC), Wilmington U-Haul Co. of West Charlotte (11 Stores; 2 in South Carolina) (704) 568-0753 Participating Store Locations: Charlotte, Cornelius, Gastonia, Lake Wylie (SC), Mooresville, Rock Hill (SC), Statesville U-Haul Co. of Western North Carolina (13 Stores; 8 in South Carolina) (828) 569-6003 Participating Store Locations: Asheville, Boone, Greer (SC), Greenville (SC), Hendersonville, Hickory, Simpsonville (SC), Spartanburg (SC) SOUTH CAROLINA U-Haul Co. of Coastal South Carolina (7 Stores; 3 in Georgia) (912) 234-3059 Participating Store Locations: Charleston, North Charleston, Savannah (GA) U-Haul Co. of South Carolina (17 Stores; 6 in Georgia) (803) 791-9714 Participating Store Locations: Augusta (GA), Columbia, Greenwood, Grovetown (GA), West Columbia TENNESSEE U-Haul Co. of Knoxville (19 Stores) (865) 312-8174 Participating Store Locations: Alcoa, Bristol, Chattanooga, Johnson City, Kingsport, Knoxville, Seymour U-Haul Co. of Memphis (16 Stores; 1 in Kentucky; 2 in Mississippi) (901) 366-2600 Participating Store Locations: Collierville, Jackson, Memphis, Millington, Olive Branch (MS), Paducah (KY), Southaven (MS) U-Haul Co. of North Nashville (13 Stores; 4 in Kentucky) (615) 865-6030 Participating Store Locations: Bowling Green (KY), Clarksville, Hendersonville, Madison, Nashville, Oak Grove (KY), Old Hickory U-Haul Co. of South Nashville (8 Stores) (615) 432-4612 Participating Store Locations: Brentwood, La Vergne, Murfreesboro, Nashville, Spring Hill In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder. About U-HAUL Celebrating our 80th anniversary in 2025, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,100 trucks, 138,700 trailers and 40,200 towing devices. U-Haul is the third largest self-storage operator in North America with 1,037,000 rentable units and 89.6 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play. View source version on Contacts Jeff LockridgeE-mail: publicrelations@ Phone: 602-760-4941Website: Sign in to access your portfolio
