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U-Haul Holding Company is North America's largest "do-it-yourself" moving and storage operator. The company provides a wide range of services, including truck and trailer rentals, self-storage units, and sales of moving supplies. U-Haul also offers insurance products through its subsidiaries, catering to both moving and storage customers as well as the senior market.
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Moving and Storage - Offers truck and trailer rentals, self-storage units, and sales of moving supplies, towing accessories, and propane. Operates through a vast network of company-operated retail stores and independent dealers across the United States and Canada.
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Life Insurance - Focuses on life and health insurance products, primarily targeting the senior market with offerings like Medicare supplements and annuities.
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Property and Casualty Insurance - Provides loss adjusting, claims handling, and underwrites insurance products such as Safemove®, Safetow®, and Safestor® for U-Haul customers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Edward J. Shoen ExecutiveBoard | Chairman of the Board and President | None available | Edward J. Shoen has been with U-Haul since 1971, serving as Chairman since 1986 and President since 1987. He holds an MBA from Harvard and a JD from Arizona State University. | |
Jason A. Berg Executive | Chief Financial Officer | None available | Jason A. Berg has been with U-Haul since 1996, serving as CFO since 2016. He previously held roles as Principal Financial Officer and Chief Accounting Officer. | |
Kristine K. Campbell Executive | General Counsel | None available | Kristine Campbell joined U-Haul in 2011 and became General Counsel in 2023. She previously served as Director of Litigation and Assistant General Counsel. | |
Maria L. Bell Executive | Chief Accounting Officer | None available | Maria L. Bell joined U-Haul in 2003 and became Chief Accounting Officer in 2019. She previously served as Controller. | |
Matthew F. Braccia Executive | President of Amerco Real Estate Company | None available | Matthew F. Braccia has been with U-Haul since 1996 and became President of Amerco Real Estate Company in 2019. | |
Robert Simmons Executive | President and Chairman of Oxford Life | None available | Robert Simmons joined Oxford Life Insurance Company in 2006 and became President and Chairman in 2024. He has held various actuarial and financial roles. | |
James E. Acridge Board | Director | Project Director for The OutPost | James E. Acridge has been a Director since 2013. He founded Giant Industries and Quad Resources, LLC, and has extensive experience in real estate and transportation. | |
James J. Grogan Board | Director | Board Member at Drees Homes | James J. Grogan has been a Director since 1998, with a break between 2005 and 2016. He has extensive experience in law and governance. | |
John P. Brogan Board | Director | Chairman of Family of Brands, Private Investor | John P. Brogan has been a Director since 1998, with a break between 2005 and 2016. He is an Audit Committee financial expert and has served on various boards. | |
Karl A. Schmidt Board | Director | President and CEO of Belmark, Inc., Executive Committee and Board Member of the Green Bay Packers | Karl A. Schmidt has been a Director since 2016. He is the President and CEO of Belmark, Inc., and serves on several boards, including the Green Bay Packers. | |
Richard J. Herrera Board | Director | None available | Richard J. Herrera has been a Director since 2017 and has a long history in the retail industry. He is also a professional ski instructor and automotive racing enthusiast. | |
Roberta R. Shank Board | Director | Board Member at Knight-Swift Transportation Holdings Inc. | Roberta R. Shank has been a Director since 2019. She is the CEO of Chas Roberts A/C and Plumbing and serves on the board of Knight-Swift Transportation Holdings Inc.. |
- Given that you're adding self-storage units faster than you're filling them, leading to occupancy declines and a drag on earnings, how do you plan to balance your aggressive development strategy with the need to improve short-term profitability?
- U-Haul's self-storage operations seem undervalued compared to competitors like CubeSmart, which has a similar revenue base but a much higher market capitalization; what steps are you taking to unlock the value of your self-storage assets and close this valuation gap?
- With Trion becoming a significant shareholder and communicating with other investors, are you considering any strategic changes to address their concerns, or are you confident that your current business plans will deliver the best shareholder value?
- While U-Box is gaining share, you mentioned that the storage segment of U-Box is underperforming compared to competitors; what specific initiatives are you implementing to improve the storage aspect of U-Box and fully leverage its competitive advantage?
- Given the modest results in rental income and the uncertainties in consumer confidence, what concrete measures are you taking to stimulate growth in your core moving and storage business over the next two quarters, and how realistic is it to expect a significant uptick in the near term?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Existing storage locations (23 locations) | 2025 | The acquisition added 1.3 million NRSF to U-Haul’s portfolio as part of a total increase of 2.3 million NRSF in Q3 fiscal 2025, which also included 11 internally developed locations and expansion projects, enhancing overall capacity. |
Existing storage location (Maplewood, MN) | 2024 | U-Haul purchased the Maplewood property (formerly Able Mini Storage) on June 18, 2024; the 1.84-acre facility with 262 drive-up storage units is operated remotely to meet local demand, aligning with the company’s strategy to expand self-storage capacity. |
Existing storage locations (8 locations) | 2024 | This deal added 0.4 million NRSF to U-Haul’s portfolio as part of 1.7 million NRSF added in the first quarter of fiscal 2025, complementing 9 internally developed locations and expansion projects to enhance service offerings. |
Recent developments and announcements about UHAL.
Earnings
New Earnings (Q3 2025)
·Feb 6, 2025, 5:55 PMView full earnings summary →UHAL Q3FY25: Sales up 4-7%, OPEX +1.6%. U-Box capturing share via lower costs & more locations. Storage revenue could jump 50%. Despite a one-way move dip & higher liability/fleet costs, cost controls and strong margins fuel confidence.