U-Haul Q1 Revenue Rises to $1.68B, But Occupancy Drops 4.5%
UHAL sits 77% above its 52-week low of $41.945.
Summary
U-Haul's Q1 revenue hit $1.68B, matching estimates and up from $1.63B a year ago, but net income slipped to $122.9M from $142.3M. Same-store occupancy fell 4.5% even as revenue per square foot rose 7.6%, reflecting higher rates on fewer occupied units. Chairman Joe Shoen noted the pickup and van release market remains weak, though the company eked out a gain on vehicle sales after several quarters of losses. This follows a brutal FY2026 where annual net income plunged 77% to $83.1M. The occupancy decline and Shoen's cautious tone suggest the self-storage demand environment is softening, a potential headwind for a stock trading near its 52-week high.
At the time of this announcement, UHAL was trading at $74.08 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.9B. The 52-week trading range was $41.95 to $74.18. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.