• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    U-Haul Holding Company Reports Second Quarter Fiscal 2025 Financial Results

    11/6/24 4:42:00 PM ET
    $UHAL
    Rental/Leasing Companies
    Consumer Discretionary
    Get the next $UHAL alert in real time by email

    U-Haul Holding Company (NYSE:UHAL, UHAL.B)), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to common shareholders for its second quarter ended September 30, 2024, of $186.8 million, compared with net earnings of $273.5 million for the same period last year. Earnings per share for Non-Voting Shares (UHAL.B) were $0.96 for the second quarter of fiscal 2025 compared to $1.40 for the same period in fiscal 2024.

    For the six-month period ended September 30, 2024, net earnings available to shareholders were $382.2 million compared with net earnings of $530.3 million for the same period last year. Earnings per share for Non-Voting Shares (UHAL.B) were $1.96 for the six-month period of fiscal 2025 compared to $2.71 for the same period in fiscal 2024.

    "We are continuing to fine tune our U-Move efforts. Customers remain uncertain and conservative," stated Joe Shoen, Chairman of U-Haul Holding Company. "U-Box is steadily gaining, U-Store is growing, but still at a pace slower than we are adding additional units. We have made some modest gains in repair. We will continue to focus on serving customers in a superior fashion."

    Highlights of Second Quarter Fiscal 2025 Results

    • Self-storage revenues increased $15.6 million, or 7.5% versus the second quarter of fiscal year 2024.
      • Same store occupancy decreased 0.8% to 94.1%, revenue per foot increased 1.6%, and the number of locations qualifying for the pool increased by 52.
      • Total portfolio occupied rooms increased 31,933 or 5.5% compared to September 30, 2023.
      • During the quarter we added 11 new locations with storage and 0.9 million net rentable square feet (NRSF). One was an acquisition of an existing storage location totaling 49 thousand NRSF and ten were internally developed. These newly developed locations along with expansion projects at existing facilities accounted for the remaining 0.9 million NRSF.
      • We have approximately 16.8 million NRSF in development or pending.
    • Self-moving equipment rental revenues increased $17.9 million, or 1.7% versus the second quarter of fiscal year 2024 resulting in our second consecutive quarter of year-over-year improvement. Transactions were flat compared to the second quarter of last year while revenue per transaction increased for both our In-Town and One-way markets.
    • Moving and Storage Other revenue increased $6.8 million or 4.3% versus the second quarter of fiscal 2024 due to growth of our U-Box product offering.
    • Moving and Storage earnings from operations, before consolidation of the equity in earnings of the insurance subsidiaries, adjusted to remove interest income, decreased $92.5 million compared to the second quarter of fiscal 2024.
      • Reduced gains from the disposal of retired rental equipment accounted for $29.2 million of the decrease while fleet depreciation expense increased $36.0 million and real estate related depreciation expense increased $7.9 million all compared with the second quarter of fiscal 2024.
      • Fleet maintenance and repair costs declined $5.4 million compared with the second quarter of fiscal 2024.
    • Moving and Storage earnings before interest, taxes and depreciation (EBITDA), adjusted to remove interest income, decreased $18.1 million compared to the second quarter of fiscal 2024.
    • Cash and credit availability at the Moving and Storage segment was $1,774.5 million as of September 30, 2024 compared with $1,886.3 million at March 31, 2024.
    • On August 15, 2024, we declared a cash dividend on our Non-Voting Common Stock of $0.05 per share to holders of record on September 16, 2024. The dividend was paid on September 27, 2024.

    Supplemental financial information as of September 30, 2024 is available at investors.uhaul.com under "Investor Kit."

    U-Haul Holding Company will hold its investor call for the second quarter of fiscal 2025 on Thursday, November 7, 2024, at 8 a.m. Arizona Time (10 a.m. Eastern). The call will be broadcast live over the Internet at investors.uhaul.com. To hear a simulcast of the call, or a replay, visit investors.uhaul.com.

    About U-Haul Holding Company

    U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. U-Haul is in the shared use business and was founded on the fundamental philosophy that the division of use and specialization of ownership is good for both U-Haul customers and the environment.

    About U-Haul

    Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 23,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 193,100 trucks, 138,700 trailers and 40,200 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,037,000 rentable storage units and 89.6 million square feet of self-storage space at owned and managed facilities. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry. U-Haul has been recognized repeatedly as a leading "Best for Vets" employer and was recently named one of the 15 Healthiest Workplaces in America.

    Certain of the statements made in this press release regarding our business constitute forward-looking statements as contemplated under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of various risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. For a brief discussion of the risks and uncertainties that may affect U-Haul Holding Company's business and future operating results, please refer to our Form 10-Q for the quarter ended September 30, 2024, which is on file with the SEC.

    Report on Business Operations

    Listed below on a consolidated basis are revenues for our major product lines for the second quarter of fiscal 2025 and 2024.

    Quarter Ended September 30,

    2024

     

    2023

     

     

    (Unaudited)

    (In thousands)

    Self-moving equipment rentals

    $

    1,087,348

    $

    1,069,405

    Self-storage revenues

    224,519

     

    208,890

    Self-moving and self-storage product and service sales

    87,763

     

    91,571

    Property management fees

    9,586

     

    9,267

    Life insurance premiums

    20,488

     

    22,498

    Property and casualty insurance premiums

    25,767

     

    25,571

    Net investment and interest income

    37,794

     

    64,738

    Other revenue

    164,843

     

    157,920

    Consolidated revenue

    $

    1,658,108

    $

    1,649,860

     

    Listed below are the revenues and earnings from operations at each of our operating segments for the second quarter of fiscal 2025 and 2024.

    Quarter Ended September 30,

    2024

     

    2023

     

     

    (Unaudited)

    (In thousands)

    Moving and storage

     

    Revenues

    $

    1,573,643

    $

    1,565,578

    Earnings from operations before equity in earnings of subsidiaries

    280,695

     

    401,704

    Property and casualty insurance

     

    Revenues

    31,461

     

    31,852

    Earnings from operations

    13,823

     

    15,419

    Life insurance

     

    Revenues

    56,157

     

    55,522

    Earnings from operations

    7,690

     

    5,608

    Eliminations

     

    Revenues

    (3,153)

     

    (3,092)

    Earnings from operations before equity in earnings of subsidiaries

    (252)

     

    (376)

    Consolidated Results

     

    Revenues

    1,658,108

     

    1,649,860

    Earnings from operations

    301,956

     

    422,355

    Debt Metrics

    Debt Metrics

    (in thousands) (unaudited)

    September 30,

    June 30,

    March 31,

    December 31,

    September 30,

     

    2024

     

    2024

     

    2024

     

    2023

     

    2023

    Real estate secured debt

    $

    2,471,044

    $

    2,497,239

    $

    2,562,620

    $

    2,716,180

    $

    2,771,027

    Unsecured debt

     

    1,700,000

     

    1,200,000

     

    1,200,000

     

    1,200,000

     

    1,200,000

    Fleet secured debt

     

    2,554,194

     

    2,544,235

     

    2,470,603

     

    2,482,356

     

    2,392,021

    Other secured debt

     

    69,264

     

    70,202

     

    70,815

     

    72,869

     

    73,752

    Total debt

     

    6,794,502

     

    6,311,676

     

    6,304,038

     

    6,471,405

     

    6,436,800

     

    Moving and Storage cash

    $

    1,279,493

    $

    1,071,779

    $

    1,380,165

    $

    1,736,295

    $

    2,068,790

    Moving and Storage assets

     

    17,164,316

     

    16,447,193

     

    16,149,748

     

    16,193,912

     

    16,156,182

    Moving and Storage EBITDA (TTM)

     

     

    1,566,396

     

    1,584,461

     

    1,567,985

     

    1,593,446

     

    1,683,912

     

    Net debt to EBITDA

     

    3.5

     

    3.3

     

    3.1

     

    3.0

     

    2.6

    Net debt to total assets

     

    32.1%

     

    31.9%

     

    30.5%

     

    29.2%

     

    27.0%

     

    Percent of debt floating

     

    5.9%

     

    7.7%

     

    7.2%

     

    6.9%

     

    6.3%

    Percent of debt fixed

     

    94.1%

     

    92.3%

     

    92.8%

     

    93.1%

     

    93.7%

    Percent of debt unsecured

     

    25.0%

     

    19.0%

     

    19.0%

     

    18.5%

     

    18.6%

     

    Unencumbered asset ratio*

    3.78x

    4.72x

    4.43x

    4.00x

    3.74x

    *

    Unencumbered asset value compared to unsecured debt committed, outstanding or not. Unencumbered assets valued at the higher of historical cost or allocated NOI valued at a 10% cap rate, minimum required is 2.0x

    The components of depreciation, net of gains on disposals for the second quarter of fiscal 2025 and 2024 are as follows:

    Quarter Ended September 30,

    2024

    2023

    (Unaudited)

    (In thousands)

    Depreciation expense - rental equipment

    $

    176,340

    $

    140,341

    Depreciation expense - non rental equipment

    23,750

    23,392

    Depreciation expense - real estate

    44,735

    37,192

    Total depreciation expense

    $

    244,825

    $

    200,925

     

    Net gains on disposals of rental equipment

    (17,892)

    $

    (46,928)

    Net losses on disposals of non-rental equipment

    337

    125

    Total net gains on disposals equipment

    $

    (17,555)

    $

    (46,803)

     

    Depreciation, net of gains on disposals

    $

    227,270

    $

    154,122

     

    Net losses on disposals of real estate

    $

    2,991

    $

    1,715

     

    The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated financial statements represent Company-owned locations only. Self-storage data for our owned locations follows:

    Quarter Ended September 30,

    2024

    2023

     

     

    (Unaudited)

    (In thousands, except occupancy rate)

    Unit count as of September 30

    758

    691

    Square footage as of September 30

    64,499

    58,402

    Average monthly number of units occupied

    610

    578

    Average monthly occupancy rate based on unit count

    80.9%

    84.2%

    End of September occupancy rate based on unit count

     

    80.0%

     

    83.5%

    Average monthly square footage occupied

    53,108

    49,931

     

    Listed below on a consolidated basis are revenues for our major product lines for the first six months of fiscal 2025 and 2024.

    Six Months Ended September 30,

    2024

    2023

    (Unaudited)

    (In thousands)

    Self-moving equipment rentals

    $

    2,101,680

    $

    2,068,611

    Self-storage revenues

    440,256

    407,851

    Self-moving and self-storage product and service sales

    184,354

    192,443

    Property management fees

    19,081

    18,444

    Life insurance premiums

    41,228

    45,629

    Property and casualty insurance premiums

    46,996

    45,893

    Net investment and interest income

    74,919

    129,330

    Other revenue

    298,084

    281,967

    Consolidated revenue

    $

    3,206,598

    $

    3,190,168

     

    Listed below are the revenues and earnings from operations at each of our operating segments for the first six months of fiscal 2025 and 2024.

    Six Months Ended September 30,

    2024

    2023

    (Unaudited)

    (In thousands)

    Moving and storage

    Revenues

    $

    3,042,804

    $

    3,025,091

    Earnings from operations before equity in earnings of subsidiaries

    575,753

    788,395

    Property and casualty insurance

    Revenues

    59,639

    59,691

    Earnings from operations

    25,306

    27,401

    Life insurance

    Revenues

    109,906

    111,203

    Earnings from operations

    7,643

    6,964

    Eliminations

    Revenues

    (5,751)

    (5,817)

    Earnings from operations before equity in earnings of subsidiaries

    (504)

    (747)

    Consolidated Results

    Revenues

    3,206,598

    3,190,168

    Earnings from operations

    608,198

    822,013

     

    The components of depreciation, net of gains on disposals for the first six months of fiscal 2025 and 2024 are as follows:

     

    Six Months Ended September 30,

     

    2024

    2023

     

    (Unaudited)

     

    (In thousands)

    Depreciation expense - rental equipment

    $

    333,868

    $

    275,533

    Depreciation expense - non rental equipment

     

    47,711

    45,694

    Depreciation expense - real estate

     

    87,559

    73,173

    Total depreciation expense

    $

    469,138

    $

    394,400

     

    Net gains on disposals of rental equipment

    $

    (25,840)

    $

    (102,735)

    Net losses on disposals of non-rental equipment

     

    517

    271

    Total net gains on disposals equipment

    $

    (25,323)

    $

    (102,464)

     

    Depreciation, net of gains on disposals

    $

    443,815

    $

    291,936

     

    Net losses on disposals of real estate

    $

    6,095

    $

    2,736

     

    The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated financial statements represent Company-owned locations only. Self-storage data for our owned locations follows:

    Six Months Ended September 30,

    2024

    2023

     

     

    (Unaudited)

    (In thousands, except occupancy rate)

    Unit count as of September 30

    758

    691

    Square footage as of September 30

    64,499

    58,402

    Average monthly number of units occupied

    602

    529

    Average monthly occupancy rate based on unit count

    80.5%

    83.5%

    End of September occupancy rate based on unit count

     

    80.0%

     

    83.5%

    Average monthly square footage occupied

    52,412

    49,279

     

    Self-Storage Portfolio Summary

    As of September 30, 2024

    (unaudited)

    U-Haul Owned Store Data by State

     

     

     

     

     

     

    Annual

    State/

    Units

    Rentable

    Revenue

    Occupancy

    Province

    Stores

    Occupied

    Square Feet

    Per Foot

    During Qtr

    Texas

    95

    38,681

    4,464,341

    $14.70

    79.3%

    California

    88

    34,103

    3,181,088

    $21.12

    82.4%

    Florida

    85

    33,813

    3,736,937

    $18.40

    77.6%

    Illinois

    81

    37,392

    3,904,707

    $15.76

    83.9%

    Pennsylvania

    71

    28,216

    3,013,510

    $17.56

    76.1%

    New York

    66

    27,725

    2,611,589

    $23.18

    80.5%

    Ohio

    60

    25,124

    2,646,025

    $14.93

    81.6%

    Michigan

    57

    20,530

    2,103,664

    $15.58

    86.7%

    Georgia

    51

    22,373

    2,464,567

    $16.26

    85.2%

    Wisconsin

    44

    17,109

    2,009,358

    $13.45

    75.3%

    Arizona

    43

    25,431

    2,736,698

    $15.33

    84.2%

    North Carolina

    37

    16,825

    1,836,403

    $15.27

    78.5%

    Washington

    36

    14,019

    1,502,356

    $16.69

    76.8%

    Tennessee

    36

    15,100

    1,519,561

    $14.84

    87.5%

    Missouri

    35

    12,982

    1,609,272

    $14.42

    76.2%

    New Jersey

    34

    16,196

    1,512,750

    $20.77

    83.9%

    Ontario

    33

    11,857

    1,211,460

    $23.05

    76.1%

    Indiana

    33

    10,718

    1,174,751

    $13.68

    82.4%

    Massachusetts

    31

    11,244

    997,282

    $20.47

    87.8%

    Alabama

    27

    7,241

    852,224

    $13.91

    78.7%

     

    Top 20 Totals

    1,043

    426,679

    45,088,542

    $16.95

    80.9%

     

    All Others

    464

    180,234

    19,486,826

    $16.32

    81.0%

     

    2Q 2025 Totals

    1,507

    606,913

    64,575,368

    $16.76

    80.9%

     

    Same Store Pool Held Constant for Prior Periods

     

     

     

     

     

     

     

     

     

     

    Same Store 2Q25

     

    893

     

    318,885

     

    29,373,505

     

    $17.20

     

    94.1%

    Same Store 2Q24

     

    893

     

    322,797

     

    29,340,207

     

    $16.59

     

    94.9%

    Same Store 2Q23

     

    893

     

    324,205

     

    29,339,784

     

    $15.42

     

    95.1%

     

     

     

     

     

     

     

     

     

     

     

    Non-Same Store 2Q25

     

    614

     

    288,028

     

    35,201,862

     

    $16.23

     

    70.0%

    Non-Same Store 2Q24

     

    551

     

    255,097

     

    29,206,735

     

    $15.97

     

    73.6%

    Non-Same Store 2Q23

     

    494

     

    218,320

     

    24,107,327

     

    $15.20

     

    74.3%

     

     

     

     

     

     

     

     

     

     

     

    Same Store 2Q25

     

    893

     

    318,885

     

    29,373,505

     

    $17.20

     

    94.1%

    Same Store 2Q24

     

    841

     

    280,565

     

    25,949,457

     

    $16.55

     

    95.0%

    Same Store 2Q23

     

    753

     

    233,947

     

    21,916,035

     

    $15.18

     

    96.7%

     

     

     

     

     

     

     

     

     

     

     

    Non Same Store 2Q25

     

    614

     

    288,028

     

    35,201,862

     

    $16.23

     

    70.0%

    Non Same Store 2Q24

     

    605

     

    296,627

     

    32,528,552

     

    $16.11

     

    75.9%

    Non Same Store 2Q23

     

    636

     

    307,535

     

    31,463,318

     

    $15.48

     

    78.4%

     

     

     

     

     

     

     

     

     

     

     

    Note: Store Count, Units, and NRSF figures reflect active storage locations for the last month of the reporting quarter.

    Occupancy % reflects average occupancy during the reporting quarter.

    Revenue per foot is average revenue per occupied foot over the trailing twelve months ending September 2024.

    Same store includes storage locations with rentable storage inventory for more than three years and have had a capacity change of less than twenty units for any year-over-year period of the reporting month.

    The locations have occupancy each month during the last three years and have achieved 80% or greater physical occupancy for the last two years.

    Prior year Same Store figures are for locations meeting the Same Store criteria as of the prior year reporting month.

    U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS

     

     

     

    September 30,

     

    March 31,

     

    2024

     

    2024

     

    (Unaudited)

     

    (In thousands)

    ASSETS

     

     

    Cash and cash equivalents

    $

    1,435,639

    $

    1,534,544

    Trade receivables and reinsurance recoverables, net

     

    217,556

     

    215,908

    Inventories and parts

     

    157,592

     

    150,940

    Prepaid expenses

     

    279,539

     

    246,082

    Fixed maturity securities available-for-sale, net, at fair value

     

    2,437,923

     

    2,442,504

    Equity securities, at fair value

     

    63,295

     

    66,274

    Investments, other

     

    643,893

     

    633,936

    Deferred policy acquisition costs, net

     

    121,329

     

    121,224

    Other assets

     

    130,071

     

    111,743

    Right of use assets - financing, net

     

    208,804

     

    289,305

    Right of use assets - operating, net

     

    51,308

     

    53,712

    Related party assets

     

    54,288

     

    57,934

     

    5,801,237

     

    5,924,106

    Property, plant and equipment, at cost:

     

     

    Land

     

    1,739,422

     

    1,670,033

    Buildings and improvements

     

    8,915,534

     

    8,237,354

    Furniture and equipment

     

    1,022,945

     

    1,003,770

    Rental trailers and other rental equipment

     

    989,672

     

    936,303

    Rental trucks

     

    7,123,968

     

    6,338,324

     

    19,791,541

     

    18,185,784

    Less: Accumulated depreciation

     

    (5,466,227)

     

    (5,051,132)

    Total property, plant and equipment, net

     

    14,325,314

     

    13,134,652

    Total assets

    $

    20,126,551

    $

    19,058,758

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

    Liabilities:

     

     

    Accounts payable and accrued expenses

    $

    896,811

    $

    783,084

    Notes, loans and finance leases payable, net

     

    6,760,781

     

    6,271,362

    Operating lease liabilities

     

    52,471

     

    55,032

    Policy benefits and losses, claims and loss expenses payable

     

    833,632

     

    849,113

    Liabilities from investment contracts

     

    2,497,031

     

    2,411,352

    Other policyholders' funds and liabilities

     

    8,045

     

    18,070

    Deferred income

     

    54,026

     

    51,175

    Deferred income taxes, net

     

    1,504,356

     

    1,447,125

    Total liabilities

     

    12,607,153

     

    11,886,313

     

     

    Common stock

     

    10,497

     

    10,497

    Non-voting common stock

     

    176

     

    176

    Additional paid-in capital

     

    462,548

     

    462,548

    Accumulated other comprehensive loss

     

    (240,831)

     

    (223,216)

    Retained earnings

     

    7,964,658

     

    7,600,090

    Cost of common stock in treasury, net

     

    (525,653)

     

    (525,653)

    Cost of preferred stock in treasury, net

     

    (151,997)

     

    (151,997)

    Total stockholders' equity

     

    7,519,398

     

    7,172,445

    Total liabilities and stockholders' equity

    $

    20,126,551

    $

    19,058,758

     

     

    U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

     

     

    Quarter Ended September 30,

     

    2024

     

    2023

     

    (Unaudited)

     

    (In thousands, except share and per share data)

    Revenues:

     

     

    Self-moving equipment rentals

    $

    1,087,348

    $

    1,069,405

    Self-storage revenues

     

    224,519

     

    208,890

    Self-moving and self-storage products and service sales

     

    87,763

     

    91,571

    Property management fees

     

    9,586

     

    9,267

    Life insurance premiums

     

    20,488

     

    22,498

    Property and casualty insurance premiums

     

    25,767

     

    25,571

    Net investment and interest income

     

    37,794

     

    64,738

    Other revenue

     

    164,843

     

    157,920

    Total revenues

     

    1,658,108

     

    1,649,860

     

     

    Costs and expenses:

     

     

    Operating expenses

     

    891,073

     

    835,258

    Commission expenses

     

    119,008

     

    111,961

    Cost of sales

     

    62,250

     

    66,620

    Benefits and losses

     

    44,392

     

    42,553

    Amortization of deferred policy acquisition costs

     

    4,439

     

    6,826

    Lease expense

     

    4,729

     

    8,450

    Depreciation, net of gains on disposals

     

    227,270

     

    154,122

    Net losses on real estate

     

    2,991

     

    1,715

    Total costs and expenses

     

    1,356,152

     

    1,227,505

     

     

    Earnings from operations

     

    301,956

     

    422,355

    Other components of net periodic benefit costs

     

    (372)

     

    (364)

    Other interest income

     

    16,131

     

    -

    Interest expense

     

    (71,498)

     

    (63,943)

    Pretax earnings

     

    246,217

     

    358,048

    Income tax expense

     

    (59,419)

     

    (84,540)

    Earnings available to common shareholders

    $

    186,798

    $

    273,508

    Basic and diluted earnings per share of Common Stock

    $

    0.91

    $

    1.36

    Weighted average shares outstanding of Common Stock: Basic and diluted

     

    19,607,788

     

    19,607,788

    Basic and diluted earnings per share of Non-Voting Common Stock

    $

    0.96

    $

    1.40

    Weighted average shares outstanding of Non-Voting Common Stock: Basic and diluted

     

    176,470,092

     

    176,470,092

     

     

    U-HAUL HOLDING COMPANY AND CONSOLIDATED ENTITIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

     

     

    Six Months Ended September 30,

     

    2024

     

    2023

     

     

    (Unaudited)

     

    (In thousands, except share and per share data)

    Revenues:

     

     

    Self-moving equipment rentals

    $

    2,101,680

    $

    2,068,611

    Self-storage revenues

     

    440,256

     

    407,851

    Self-moving and self-storage products and service sales

     

    184,354

     

    192,443

    Property management fees

     

    19,081

     

    18,444

    Life insurance premiums

     

    41,228

     

    45,629

    Property and casualty insurance premiums

     

    46,996

     

    45,893

    Net investment and interest income

     

    74,919

     

    129,330

    Other revenue

     

    298,084

     

    281,967

    Total revenues

     

    3,206,598

     

    3,190,168

     

     

    Costs and expenses:

     

     

    Operating expenses

     

    1,680,830

     

    1,598,499

    Commission expenses

     

    231,579

     

    218,888

    Cost of sales

     

    128,264

     

    137,295

    Benefits and losses

     

    88,398

     

    87,897

    Amortization of deferred policy acquisition costs

     

    9,085

     

    14,871

    Lease expense

     

    10,334

     

    16,033

    Depreciation, net of gains on disposals

     

    443,815

     

    291,936

    Net losses on real estate

     

    6,095

     

    2,736

    Total costs and expenses

     

    2,598,400

     

    2,368,155

     

     

    Earnings from operations

     

    608,198

     

    822,013

    Other components of net periodic benefit costs

     

    (744)

     

    (729)

    Other interest income

     

    34,366

     

    —

    Interest expense

     

    (138,716)

     

    (124,541)

    Fees on early extinguishment of debt

     

    (495)

     

    —

    Pretax earnings

     

    502,609

     

    696,743

    Income tax expense

     

    (120,394)

     

    (166,397)

    Earnings available to common shareholders

    $

    382,215

    $

    530,346

    Basic and diluted earnings per share of Common Stock

    $

    1.86

    $

    2.63

    Weighted average shares outstanding of Common Stock: Basic and diluted

     

    19,607,788

     

    19,607,788

    Basic and diluted earnings per share of Non-Voting Common Stock

    $

    1.96

    $

    2.71

    Weighted average shares outstanding of Non-Voting Common Stock: Basic and diluted

     

    176,470,092

     

    176,470,092

     

     

    EARNINGS PER SHARE

    We calculate earnings per share using the two-class method in accordance with Accounting Standards Codification Topic 260, Earnings Per Share. The two-class method allocates the undistributed earnings available to common stockholders to the Company's outstanding common stock, $0.25 par value (the "Voting Common Stock") and the Series N Non-Voting Common Stock, $0.001 par value (the "Non-Voting Common Stock") based on each share's percentage of total weighted average shares outstanding. The Voting Common Stock and Non-Voting Common Stock are allocated 10% and 90%, respectively, of our undistributed earnings available to common stockholders. This represents earnings available to common stockholders less the dividends declared for both the Voting Common Stock and Non-Voting Common Stock.

    Our undistributed earnings per share is calculated by taking the undistributed earnings available to common stockholders and dividing this number by the weighted average shares outstanding for the respective stock. If there was a dividend declared for that period, the dividend per share is added to the undistributed earnings per share to calculate the basic and diluted earnings per share. The process is used for both Voting Common Stock and Non-Voting Common Stock.

    The calculation of basic and diluted earnings per share for the quarters ended September 30, 2024 and 2023 for our Voting Common Stock and Non-Voting Common Stock were as follows:

     

     

    For the Quarter Ended

     

     

    September 30,

     

     

    2024

     

    2023

     

     

    (Unaudited)

     

     

    (In thousands, except share and per share amounts)

     

     

     

     

     

    Weighted average shares outstanding of Voting Common Stock

     

    19,607,788

     

    19,607,788

    Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock

     

    196,077,880

     

    196,077,880

    Percent of weighted average shares outstanding of Voting Common Stock

     

    10%

     

    10%

     

     

     

     

     

    Net earnings available to common stockholders

    $

    186,798

    $

    273,508

    Voting Common Stock dividends declared

     

    -

     

    -

    Non-Voting Common Stock dividends declared

     

    (8,823)

     

    (7,059)

    Undistributed earnings available to common stockholders

    $

    177,975

    $

    266,449

    Undistributed earnings available to common stockholders allocated to Voting Common Stock

    $

    17,798

    $

    26,645

     

     

     

     

     

    Undistributed earnings per share of Voting Common Stock

    $

    0.91

    $

    1.36

    Dividends declared per share of Voting Common Stock

    $

    -

    $

    -

    Basic and diluted earnings per share of Voting Common Stock

    $

    0.91

    $

    1.36

     

     

     

     

     

     

     

     

     

     

    Weighted average shares outstanding of Non-Voting Common Stock

     

    176,470,092

     

    176,470,092

    Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock

     

    196,077,880

     

    196,077,880

    Percent of weighted average shares outstanding of Non-Voting Common Stock

     

    90%

     

    90%

     

     

     

     

     

    Net earnings available to common stockholders

    $

    186,798

    $

    273,508

    Voting Common Stock dividends declared

     

    -

     

    -

    Non-Voting Common Stock dividends declared

     

    (8,823)

     

    (7,059)

    Undistributed earnings available to common stockholders

    $

    177,975

    $

    266,449

    Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock

    $

    160,178

    $

    239,804

     

     

     

     

     

    Undistributed earnings per share of Non-Voting Common Stock

    $

    0.91

    $

    1.36

    Dividends declared per share of Non-Voting Common Stock

    $

    0.05

    $

    0.04

    Basic and diluted earnings per share of Non-Voting Common Stock

    $

    0.96

    $

    1.40

     

    The calculation of basic and diluted earnings per share for the first six months ended September 30, 2024 and 2023 for our Voting Common Stock and Non-Voting Common Stock were as follows:

     

     

    For the Six Months Ended

     

     

    September 30,

     

     

    2024

     

    2023

     

     

    (Unaudited)

     

     

    (In thousands, except share and per share amounts)

     

     

     

     

     

    Weighted average shares outstanding of Voting Common Stock

     

    19,607,788

     

    19,607,788

    Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock

     

    196,077,880

     

    196,077,880

    Percent of weighted average shares outstanding of Voting Common Stock

     

    10%

     

    10%

     

     

     

     

     

    Net earnings available to common stockholders

    $

    382,215

    $

    530,346

    Voting Common Stock dividends declared

     

    -

     

    -

    Non-Voting Common Stock dividends declared

     

    (17,647)

     

    (14,118)

    Undistributed earnings available to common stockholders

    $

    364,568

    $

    516,228

    Undistributed earnings available to common stockholders allocated to Voting Common Stock

    $

    36,457

    $

    51,623

     

     

     

     

     

    Undistributed earnings per share of Voting Common Stock

    $

    1.86

    $

    2.63

    Dividends declared per share of Voting Common Stock

    $

    -

    $

    -

    Basic and diluted earnings per share of Voting Common Stock

    $

    1.86

    $

    2.63

     

     

     

     

     

     

     

     

     

     

    Weighted average shares outstanding of Non-Voting Common Stock

     

    176,470,092

     

    176,470,092

    Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock

     

    196,077,880

     

    196,077,880

    Percent of weighted average shares outstanding of Non-Voting Common Stock

     

    90%

     

    90%

     

     

     

     

     

    Net earnings available to common stockholders

    $

    382,215

    $

    530,346

    Voting Common Stock dividends declared

     

    -

     

    -

    Non-Voting Common Stock dividends declared

     

    (17,647)

     

    (14,118)

    Undistributed earnings available to common stockholders

    $

    364,568

    $

    516,228

    Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock

    $

    328,111

    $

    464,605

     

     

     

     

     

    Undistributed earnings per share of Non-Voting Common Stock

    $

    1.86

    $

    2.63

    Dividends declared per share of Non-Voting Common Stock

    $

    0.10

    $

    0.08

    Basic and diluted earnings per share of Non-Voting Common Stock

    $

    1.96

    $

    2.71

    NON-GAAP FINANCIAL RECONCILIATION SCHEDULE

    As of April 1, 2019, we adopted the new accounting standard for leases. Part of this adoption resulted in approximately $1 billion of property, plant and equipment, net ("PPE") being reclassed to Right of use assets - financing, net ("ROU-financing"). The tables below show adjusted PPE as of September 30, 2024 and March 31, 2024, by including the ROU-financing. The assets included in ROU-financing are not a true book value as some of the assets are recorded at between 70% and 100% of value based on the lease agreement. This non-GAAP measure is intended as a supplemental measure of our balance sheet that is neither required by, nor presented in accordance with, GAAP. We believe that the use of this non-GAAP measure provides an additional tool for investors to use in evaluating our financial condition. This non-GAAP measure should not be considered in isolation or as a substitute for other measures calculated in accordance with GAAP.

     

     

     

     

    September 30,

     

    March 31,

     

     

     

     

    2024

     

    2024

    September 30,

     

    ROU Assets

     

    Property, Plant and Equipment

     

    Property, Plant and Equipment

    2024

     

    Financing

     

    Adjusted

     

    Adjusted

    (Unaudited)

     

    (In thousands)

     

    Property, plant and equipment, at cost

    Land

    $

    1,739,422

    $

    -

    $

    1,739,422

    $

    1,670,033

    Buildings and improvements

    8,915,534

    -

    8,915,534

    8,237,354

    Furniture and equipment

    1,022,945

    61

    1,023,006

    1,003,831

    Rental trailers and other rental equipment

    989,672

    96,006

    1,085,678

    1,050,910

    Rental trucks

    7,123,968

    436,576

    7,560,544

    6,945,845

    Subtotal

    19,791,541

    532,643

    20,324,184

    18,907,973

    Less: Accumulated depreciation

    (5,466,227)

    (323,839)

    (5,790,066)

    (5,484,016)

    Total property, plant and equipment, net

    $

    14,325,314

    $

    208,804

    $

    14,534,118

    $

    13,423,957

     

     

     

     

    March 31,

     

     

     

     

    2024

    March 31,

     

    ROU Assets

     

    Property, Plant and Equipment

    2024

     

    Financing

     

    Adjusted

     

    (In thousands)

    Property, plant and equipment, at cost

    Land

    $

    1,670,033

    $

    -

    $

    1,670,033

    Buildings and improvements

    8,237,354

    -

    8,237,354

    Furniture and equipment

    1,003,770

    61

    1,003,831

    Rental trailers and other rental equipment

    936,303

    114,607

    1,050,910

    Rental trucks

    6,338,324

    607,521

    6,945,845

    Subtotal

    18,185,784

    722,189

    18,907,973

    Less: Accumulated depreciation

    (5,051,132)

    (432,884)

    (5,484,016)

    Total property, plant and equipment, net

    $

    13,134,652

    $

    289,305

    $

    13,423,957

     

    Non-GAAP Financial Measures

    Below is a reconciliation of Moving and Storage non-GAAP financial measures as defined under SEC rules, such as earnings before interest, taxes, depreciation, and amortization ("EBITDA"). The Company believes that these widely accepted measures of operating profitability improve the transparency of the Company's disclosures and provide a meaningful presentation of the Company's results from its core business operations excluding the impact of items not related to the Company's ongoing core business operations and improve the period-to-period comparability of the Company's results from its core business operations. These non-GAAP financial measures are not substitutes for GAAP financial results and should only be considered in conjunction with the Company's financial information that is presented in accordance with GAAP. The earnings from operations for December 31, 2023, September 30, 2023 and June 30, 2023 have been adjusted from previously presented earnings releases as Moving and Storage interest income has been classified as Other interest income.

    Moving and Storage EBITDA

    (In thousands, unaudited)

    TTM

     

    September 30,

     

    June 30,

     

    March 31,

     

    December 31,

     

    September 30,

     

    2024

     

    2024

     

    2024

     

    2023

     

    2023

    Earnings from operations *

    $

    739,313

    $

    831,802

    $

    896,140

    $

    980,169

    $

    1,132,142

     

    Depreciation

    892,627

    848,727

    817,889

    793,940

    768,475

    Net gains on disposals

    (76,817)

    (106,065)

    (153,958)

    (186,541)

    (220,858)

    Net losses on disposal of real estate

    11,273

    9,997

    7,914

    5,878

    4,153

    Depreciation, net of (gains) losses on disposals

    827,083

    752,659

    671,845

    613,277

    551,770

     

    EBITDA

    $

    1,566,396

    $

    1,584,461

    $

    1,567,985

    $

    1,593,446

    $

    1,683,912

    *

    before insurance subsidiaries

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241106548589/en/

    Get the next $UHAL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $UHAL

    DatePrice TargetRatingAnalyst
    5/19/2025Peer Perform
    Wolfe Research
    6/30/2023Peer Perform
    Wolfe Research
    More analyst ratings

    $UHAL
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Shoen Mark V sold $812,885 worth of Series N Common Stock (12,500 units at $65.03) (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      2/28/25 5:30:04 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Large owner Shoen Mark V gifted 2,272 units of Series N Common Stock and sold $842,284 worth of Series N Common Stock (12,789 units at $65.86) (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      2/24/25 9:09:01 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Director Brogan John P. sold $201,105 worth of Series N Common Stock (3,000 units at $67.04), decreasing direct ownership by 7% to 40,987 units (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      2/19/25 12:00:53 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary

    $UHAL
    Financials

    Live finance-specific insights

    See more
    • U-Haul Holding Company Schedules Fourth Quarter Fiscal Year End 2025 Financial Results Release and Investor Webcast

      U-Haul Holding Company (NYSE:UHAL, UHAL.B)), the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its fourth quarter fiscal 2025 financial results after the close of market trading on Wednesday, May 28, 2025. The Company is scheduled to conduct its fourth quarter investor conference call and webcast at 8 a.m. Arizona Time (11 a.m. ET) on Thursday, May 29, 2025. Listen via the internet: https://events.q4inc.com/attendee/914296331 The conference call and webcast may include forward-looking statements. If you are unable to participate during the live webcast, the call will be archived for on

      5/14/25 4:58:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Holding Company Announces Quarterly Cash Dividend

      U-Haul Holding Company (NYSE:UHAL, UHAL.B)), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on March 5, 2025 declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE:UHAL). The dividend will be payable March 28, 2025 to holders of record on March 17, 2025. This is the tenth dividend issued under the Company's dividend policy announced in October 2022. About U-Haul Holding Company U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. U-Haul is in the shared u

      3/5/25 4:15:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Holding Company Reports Third Quarter Fiscal 2025 Financial Results

      U-Haul Holding Company (NYSE:UHAL, UHAL.B)), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2024, of $67.2 million compared with net earnings of $99.2 million for the same period last year. Earnings per share for Non-Voting Shares (UHAL.B) were $0.35 for the third quarter of fiscal 2025 compared to $0.51 for the same period in fiscal 2024. For the nine-month period ended December 31, 2024, net earnings available to shareholders were $449.4 million compared with net earnings of $629.6 million for the same period last

      2/5/25 4:10:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary

    $UHAL
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • NYSE Content Advisory: Pre-Market update + Hinge Health, MNTN pop double digits in trading debuts

      NEW YORK, May 23, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Kristen Scholer delivers the pre-market update on May 23rd Digital health platform Hinge Health (NYSE:HNGE) saw its stock rise 17% in its NYSE debut yesterday. Shares of TV AdTech company MNTN (NYSE:MNTN) jumped nearly 26% in its NYSE debut as well.Traders continue to evaluate the effect of higher U.S. treasury yields on the economy. Early Thursday, the House GOP advanced President Trump's sweeping tax bill to the senate. Concerns about

      5/23/25 8:55:00 AM ET
      $ICE
      $MNTN
      $UHAL
      Investment Bankers/Brokers/Service
      Finance
      Blank Checks
      Rental/Leasing Companies
    • U-Haul to Celebrate 80th Anniversary, Start of Moving Season with NYSE Bell Ringing

      U-Haul® will symbolically kick off "moving season" on Friday with the ringing of the closing bell at the New York Stock Exchange. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250521964356/en/U-Haul will ring the closing bell on May 23 at the New York Stock Exchange to kick off "moving season" with the arrival of Memorial Day weekend. It is the 80th anniversary of the do-it-yourself moving and self-storage company, which was founded by a U.S. Navy veteran and his wife in 1945. The ceremony will also mark the start of a special summer for the do-it-yourself moving and self-storage leader, which is celebrating 80 years of empoweri

      5/21/25 7:07:00 AM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Tornado Recovery: U-Haul Offers 30 Days Free Storage in 3 States

      Friday's storms have created a need for disaster relief across parts of the Midwest 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. 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

      5/17/25 6:16:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary

    $UHAL
    SEC Filings

    See more

    $UHAL
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $UHAL
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $UHAL
    Leadership Updates

    Live Leadership Updates

    See more
    • U-Haul Holding Company filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - U-Haul Holding Co /NV/ (0000004457) (Filer)

      2/5/25 4:11:09 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • SEC Form 10-Q filed by U-Haul Holding Company

      10-Q - U-Haul Holding Co /NV/ (0000004457) (Filer)

      2/5/25 4:03:27 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Holding Company filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - U-Haul Holding Co /NV/ (0000004457) (Filer)

      11/6/24 4:42:27 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Wolfe Research resumed coverage on U-Haul Holding Company

      Wolfe Research resumed coverage of U-Haul Holding Company with a rating of Peer Perform

      5/19/25 10:21:51 AM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Wolfe Research initiated coverage on U-Haul Holding Company

      Wolfe Research initiated coverage of U-Haul Holding Company with a rating of Peer Perform

      6/30/23 7:37:21 AM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Director Herrera Richard Jay bought $7,486 worth of shares (10 units at $748.57) (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      6/26/24 2:29:58 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Ducey Douglas Anthony bought $6,424 worth of shares (100 units at $64.24) (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      4/3/24 6:10:41 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • Shoen Mark V acquired 132,500 units of Series N Common Stock, sold $6,946,975 worth of Series N Common Stock (132,500 units at $52.43), bought $6,946,975 worth of Series N Common Stock (132,500 units at $52.43) and disposed of 132,500 units of Series N Common Stock (SEC Form 4)

      4 - U-Haul Holding Co /NV/ (0000004457) (Issuer)

      11/17/23 7:39:19 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Holding Company Announces the Retirement of Oxford Life Insurance Company President Mark Haydukovich

      U-Haul Holding Company (NYSE:UHAL, UHAL.B))), the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, announced today that Mark Haydukovich, President of Oxford Life Insurance Company (Oxford), will retire after a 45-year career. Haydukovich will continue to serve on the Oxford Board of Directors. Haydukovich joined Oxford in 1978 as an accountant. He went on to hold the titles of Oxford treasurer and senior vice president before being named president in 1997. "Mark came to work at Oxford shortly after it became part of AMERCO. Within four years, Mark was effectively managing the company," stated Joe Shoe

      1/30/24 4:10:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Holding Company Announces Appointment of Former Arizona Governor Doug Ducey as an Advisory Board Member

      U-Haul Holding Company (NYSE:UHAL, UHAL.B))), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today announced the appointment of Governor Doug Ducey as an Advisory Board Member. Doug Ducey is the CEO of Citizens for Free Enterprise (CFFE), an organization that stands at the center of the fight for continued American prosperity. CFFE promotes free enterprise so that all Americans can understand the role it has in creating a dynamic economy and their own ability to climb the income ladder. Elected in 2014 as Arizona's 23rd governor, Ducey served two terms in the state's highest post. During his tenure, Ducey ch

      1/11/24 4:05:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • U-Haul Co. of West Virginia Commences Financial Restructuring with Support of U-Haul International

      SAINT ALBANS, W.Va., June 16, 2021 /PRNewswire/ -- U-Haul Co. of West Virginia (the "Company") today announced it has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of West Virginia.  The Company serves do-it-yourself moving and self-storage customers in West Virginia and small parts of Kentucky, Virginia and Ohio.  The Company, which was incorporated in West Virginia in 1970 and has operated continuously in the state for the last 52 years, has faced numerous challenges in recent years including management turnover, a lack of sufficient self-storage locations, and burdensome litigation costs resulting in declining cash flow and liquidity.

      6/16/21 7:24:00 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary

    $UHAL
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by U-Haul Holding Company (Amendment)

      SC 13D/A - U-Haul Holding Co /NV/ (0000004457) (Subject)

      3/27/23 8:48:31 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • SEC Form SC 13G filed by U-Haul Holding Company

      SC 13G - U-Haul Holding Co /NV/ (0000004457) (Subject)

      2/9/23 11:35:15 AM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Amerco (Amendment)

      SC 13D/A - AMERCO /NV/ (0000004457) (Subject)

      12/9/22 6:53:43 PM ET
      $UHAL
      Rental/Leasing Companies
      Consumer Discretionary