U-Haul Holding: U-Haul Holding Co (UHAL) Q3 2025 Earnings Call Highlights: Navigating Revenue Growth Amidst ...

Third Quarter Earnings: $67 million, down from $99 million in the same quarter last year. Earnings Per Share: $0.35 per nonvoting share, compared to $0.51 per nonvoting share last year. EBITDA Increase: $47.8 million in the moving and storage segment. Equipment Rental Revenue: Increased by $39 million, over 4.5% for the quarter. Capital Expenditures: $1.587 billion for new rental equipment in the first nine months, a $237 million increase from last year. Self-Storage Revenue: Up $17 million, an 8% increase for the quarter. Average Revenue Per Occupied Foot: Improved by approximately 90 basis points. Occupied Unit Count: Increased by nearly 42,000 units compared to last year. New Units Added: 80,000 new units added over the same timeframe. Average Occupancy: Declined to 78.7% across the whole portfolio. Real Estate Investments: $1.214 billion in the first nine months, a $245 million increase over last year. U-Box Revenue: Increased by $9 million, with growth in both moving and storage transactions. Operating Expenses: Increased by $11.6 million in the moving and storage segment. Cash and Loan Facilities: Totaled $1.348 billion as of December 2024. Warning! GuruFocus has detected 7 Warning Signs with UHAL. Release Date: February 06, 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 $39 million increase in equipment rental revenue, marking a growth of over 4.5% for the quarter. The U-Box business continues to grow, with both moving and storage transactions increasing, contributing significantly to other revenue. Self-storage revenues increased by $17 million, an 8% rise for the quarter, with average revenue per occupied foot improving by 90 basis points. The company added 2.3 million new net rentable square feet, with a significant portion being newly developed locations. U-Haul Holding Co ( NYSE:UHAL ) has a robust pipeline for U-Box warehouse growth, with plans to continue expanding storage capacity over the next 12 months. Third quarter earnings decreased to $67 million from $99 million in the same quarter last year, with earnings per share dropping from $0.51 to $0.35. The decline in earnings was attributed to increased fleet depreciation, reduced gains on the sale of retired equipment, and a decrease in interest income. The average occupancy across the self-storage portfolio declined to 78.7%, with the same-store occupancy decreasing by 50 basis points to 92.4%. Proceeds from the sales of retired equipment decreased by $73 million, contributing to increased depreciation costs. The company faces challenges from electric vehicle mandates, which could impact the availability and cost of medium-duty trucks in the future.