\nU-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 first quarter ended June 30, 2026, of $122.9 million, compared with net earnings of $142.3 million for the same period last year. Earnings per share for Non-Voting Shares (UHAL.B) were $0.63 for the first quarter of fiscal 2027 compared to $0.73 for the same period in fiscal 2026.<\/p>\n
\n\u201cThe pickup and van resale market is tepid, yet we produced a gain on sale this quarter after several quarters of losses. Our U-Haul truck resale team is thoughtfully gaining ground,\u201d stated Joe Shoen, Chairman of U-Haul Holding Company. \u201cThe pace of storage unit rent up is increasing and rates are holding. More improvement is needed as we are still completing new storage units faster than we are filling them. We are successfully expanding our U-Haul independent dealer teams. This is a bright spot which will help drive U-Move transactions and fleet utilization.\u201d<\/p>\n
Highlights of First Quarter Fiscal 2027 Results<\/b><\/p>\n \nU-Haul Holding Company will hold its investor call for the first quarter of fiscal 2027 on Thursday, August 6, 2026, at 8 a.m. Arizona Time (11 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.<\/p>\n About U-Haul Holding Company<\/b><\/p>\n \nU-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.<\/p>\n About U-Haul<\/b><\/p>\n \nSince 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 25,000 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 207,600 trucks, 136,500 trailers and 43,200 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,147,300 rentable storage units and 100.3 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.<\/p>\n \nCertain 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\u2019s business and future operating results, please refer to our Form 10-Q for the quarter ended June 30, 2026, which is on file with the SEC.<\/p>\n Report on Business Operations<\/i><\/b><\/p>\n \nListed below on a consolidated basis are revenues for our major product lines for the first quarter of fiscal 2027 and 2026.<\/p>\n Quarter Ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n(In thousands)<\/p>\n<\/td>\n<\/tr>\n \nSelf-moving equipment rental revenues<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,087,578<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,058,273<\/p>\n<\/td>\n<\/tr>\n \nSelf-storage revenues<\/p>\n<\/td>\n \n250,172<\/p>\n<\/td>\n \n234,237<\/p>\n<\/td>\n<\/tr>\n \nSelf-moving and self-storage products and service sales<\/p>\n<\/td>\n \n99,240<\/p>\n<\/td>\n \n98,188<\/p>\n<\/td>\n<\/tr>\n \nProperty management fees<\/p>\n<\/td>\n \n9,565<\/p>\n<\/td>\n \n9,582<\/p>\n<\/td>\n<\/tr>\n \nLife insurance premiums<\/p>\n<\/td>\n \n18,066<\/p>\n<\/td>\n \n19,169<\/p>\n<\/td>\n<\/tr>\n \nProperty and casualty insurance premiums<\/p>\n<\/td>\n \n24,251<\/p>\n<\/td>\n \n21,738<\/p>\n<\/td>\n<\/tr>\n \nNet investment and interest income<\/p>\n<\/td>\n \n37,368<\/p>\n<\/td>\n \n35,211<\/p>\n<\/td>\n<\/tr>\n \nOther revenue<\/p>\n<\/td>\n \n155,787<\/p>\n<\/td>\n \n154,072<\/p>\n<\/td>\n<\/tr>\n \nConsolidated revenue<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,682,027<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,630,470<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nListed below are revenues and earnings from operations at each of our operating segments for the first quarters of fiscal 2027 and 2026.<\/p>\n Quarter Ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n(In thousands)<\/p>\n<\/td>\n<\/tr>\n \nMoving and storage<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,601,949<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,553,859<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEarnings from operations before equity in earnings of subsidiaries<\/p>\n<\/td>\n \n234,814<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n242,878<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty and casualty insurance<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n31,223<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,721<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEarnings from operations<\/p>\n<\/td>\n \n12,216<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,888<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLife insurance<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n51,476<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,094<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEarnings (losses) from operations<\/p>\n<\/td>\n \n3,593<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,676<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEliminations<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n(2,621<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,204<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nEarnings from operations before equity in earnings of subsidiaries<\/p>\n<\/td>\n \n(27<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(28<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nConsolidated Results<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n1,682,027<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,630,470<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEarnings from operations<\/p>\n<\/td>\n \n250,596<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n257,414<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Moving and Storage<\/b><\/p>\n<\/td>\n<\/tr>\n \nDebt Metrics<\/p>\n<\/td>\n<\/tr>\n \n(In thousands, unaudited)<\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n March 31,<\/b><\/p>\n<\/td>\n December 31,<\/b><\/p>\n<\/td>\n September 30,<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \nReal estate secured debt<\/p>\n<\/td>\n \n$3,196,940<\/p>\n<\/td>\n \n$3,204,208<\/p>\n<\/td>\n \n$3,096,564<\/p>\n<\/td>\n \n$3,002,344<\/p>\n<\/td>\n \n$2,727,545<\/p>\n<\/td>\n<\/tr>\n \nUnsecured debt<\/p>\n<\/td>\n \n1,700,000<\/p>\n<\/td>\n \n1,700,000<\/p>\n<\/td>\n \n1,700,000<\/p>\n<\/td>\n \n1,700,000<\/p>\n<\/td>\n \n1,700,000<\/p>\n<\/td>\n<\/tr>\n \nFleet secured debt<\/p>\n<\/td>\n \n3,187,699<\/p>\n<\/td>\n \n3,157,364<\/p>\n<\/td>\n \n3,196,817<\/p>\n<\/td>\n \n2,965,804<\/p>\n<\/td>\n \n2,792,015<\/p>\n<\/td>\n<\/tr>\n \nOther secured debt<\/p>\n<\/td>\n \n62,245<\/p>\n<\/td>\n \n63,377<\/p>\n<\/td>\n \n64,798<\/p>\n<\/td>\n \n64,357<\/p>\n<\/td>\n \n65,570<\/p>\n<\/td>\n<\/tr>\n \nTotal debt<\/p>\n<\/td>\n \n8,146,884<\/p>\n<\/td>\n \n8,124,949<\/p>\n<\/td>\n \n8,058,179<\/p>\n<\/td>\n \n7,732,505<\/p>\n<\/td>\n \n7,285,130<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n$883,630<\/p>\n<\/td>\n \n$1,014,382<\/p>\n<\/td>\n \n$1,010,011<\/p>\n<\/td>\n \n$910,969<\/p>\n<\/td>\n \n$726,069<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n18,885,168<\/p>\n<\/td>\n \n18,687,591<\/p>\n<\/td>\n \n18,717,342<\/p>\n<\/td>\n \n18,460,371<\/p>\n<\/td>\n \n17,858,535<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA (TTM)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,637,311<\/p>\n<\/td>\n \n1,645,859<\/p>\n<\/td>\n \n1,640,173<\/p>\n<\/td>\n \n1,681,900<\/p>\n<\/td>\n \n1,650,277<\/p>\n<\/td>\n<\/tr>\n \nNet debt to adjusted EBITDA<\/p>\n<\/td>\n \n4.4<\/p>\n<\/td>\n \n4.3<\/p>\n<\/td>\n \n4.3<\/p>\n<\/td>\n \n4.1<\/p>\n<\/td>\n \n4.0<\/p>\n<\/td>\n<\/tr>\n \nNet debt to total assets<\/p>\n<\/td>\n \n38.5%<\/p>\n<\/td>\n \n38.0%<\/p>\n<\/td>\n \n37.7%<\/p>\n<\/td>\n \n37.0%<\/p>\n<\/td>\n \n36.7%<\/p>\n<\/td>\n<\/tr>\n \nPercent of debt floating<\/p>\n<\/td>\n \n8.4%<\/p>\n<\/td>\n \n6.7%<\/p>\n<\/td>\n \n6.8%<\/p>\n<\/td>\n \n7.1%<\/p>\n<\/td>\n \n6.1%<\/p>\n<\/td>\n<\/tr>\n \nPercent of debt fixed<\/p>\n<\/td>\n \n91.6%<\/p>\n<\/td>\n \n93.3%<\/p>\n<\/td>\n \n93.2%<\/p>\n<\/td>\n \n92.9%<\/p>\n<\/td>\n \n93.9%<\/p>\n<\/td>\n<\/tr>\n \nPercent of debt unsecured<\/p>\n<\/td>\n \n20.9%<\/p>\n<\/td>\n \n20.9%<\/p>\n<\/td>\n \n21.1%<\/p>\n<\/td>\n \n22.0%<\/p>\n<\/td>\n \n23.3%<\/p>\n<\/td>\n<\/tr>\n \nUnencumbered asset ratio*<\/p>\n<\/td>\n \n4.08x<\/p>\n<\/td>\n \n3.98x<\/p>\n<\/td>\n \n4.01x<\/p>\n<\/td>\n \n3.96x<\/p>\n<\/td>\n \n3.86x<\/p>\n<\/td>\n<\/tr>\n \n* 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<\/p>\n<\/td>\n<\/tr>\n \nThe components of depreciation, net of gains on disposals are as follows:<\/p>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Quarter Ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(In thousands)<\/p>\n<\/td>\n<\/tr>\n \nDepreciation expense – rental equipment<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n221,704<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n208,212<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation expense – non rental equipment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22,555<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,019<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation expense – real estate<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n56,377<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n49,845<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal depreciation expense<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n300,636<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n282,076<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet (gains) losses on disposals of rental equipment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,893<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n22,125<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet (gains) losses on disposals of non-rental equipment<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(192<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal net (gains) losses on disposals equipment<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1,796<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n21,933<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation, net of (gains) losses on disposals<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n298,840<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n304,009<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet (gains) losses on disposals of real estate<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,068<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1,617<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nThe 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:<\/p>\n Quarter Ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n(In thousands, except occupancy rate)<\/p>\n<\/td>\n<\/tr>\n \nUnit count as of June 30<\/p>\n<\/td>\n \n867<\/p>\n<\/td>\n \n813<\/p>\n<\/td>\n<\/tr>\n \nSquare footage as of June 30<\/p>\n<\/td>\n \n74,742<\/p>\n<\/td>\n \n69,560<\/p>\n<\/td>\n<\/tr>\n \nAverage monthly number of units occupied<\/p>\n<\/td>\n \n628<\/p>\n<\/td>\n \n632<\/p>\n<\/td>\n<\/tr>\n \nAverage monthly occupancy rate based on unit count<\/p>\n<\/td>\n \n72.9%<\/p>\n<\/td>\n \n78.1%<\/p>\n<\/td>\n<\/tr>\n \nEnd of June occupancy rate based on unit count<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n73.9%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n78.8%<\/p>\n<\/td>\n<\/tr>\n \nAverage monthly square footage occupied<\/p>\n<\/td>\n \n55,937<\/p>\n<\/td>\n \n55,399<\/p>\n<\/td>\n<\/tr>\n Self-Storage Portfolio Summary<\/b><\/p>\n<\/td>\n \nAs of June 30, 2026<\/p>\n<\/td>\n \n(unaudited)<\/p>\n<\/td>\n U-Haul Owned Store Data by State<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nState\/ \n\u00a0<\/p>\n<\/td>\n \nStores<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nUnits \n\u00a0<\/p>\n<\/td>\n \nRentable \n\u00a0<\/p>\n<\/td>\n \nAnnual \n\u00a0<\/p>\n<\/td>\n \nOccupancy \nTexas<\/p>\n<\/td>\n \n102<\/p>\n<\/td>\n \n37,612<\/p>\n<\/td>\n \n4,937,884<\/p>\n<\/td>\n \n$16.22<\/p>\n<\/td>\n \n68.1%<\/p>\n<\/td>\n<\/tr>\n \nFlorida<\/p>\n<\/td>\n \n93<\/p>\n<\/td>\n \n34,775<\/p>\n<\/td>\n \n4,282,690<\/p>\n<\/td>\n \n$19.53<\/p>\n<\/td>\n \n69.0%<\/p>\n<\/td>\n<\/tr>\n \nCalifornia<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n35,348<\/p>\n<\/td>\n \n3,385,898<\/p>\n<\/td>\n \n$22.90<\/p>\n<\/td>\n \n80.3%<\/p>\n<\/td>\n<\/tr>\n \nIllinois<\/p>\n<\/td>\n \n86<\/p>\n<\/td>\n \n41,257<\/p>\n<\/td>\n \n4,517,046<\/p>\n<\/td>\n \n$17.35<\/p>\n<\/td>\n \n76.3%<\/p>\n<\/td>\n<\/tr>\n \nPennsylvania<\/p>\n<\/td>\n \n76<\/p>\n<\/td>\n \n29,717<\/p>\n<\/td>\n \n3,255,737<\/p>\n<\/td>\n \n$18.81<\/p>\n<\/td>\n \n71.4%<\/p>\n<\/td>\n<\/tr>\n \nOhio<\/p>\n<\/td>\n \n68<\/p>\n<\/td>\n \n26,866<\/p>\n<\/td>\n \n3,152,368<\/p>\n<\/td>\n \n$15.74<\/p>\n<\/td>\n \n72.8%<\/p>\n<\/td>\n<\/tr>\n \nNew York<\/p>\n<\/td>\n \n67<\/p>\n<\/td>\n \n29,656<\/p>\n<\/td>\n \n2,744,132<\/p>\n<\/td>\n \n$24.34<\/p>\n<\/td>\n \n80.4%<\/p>\n<\/td>\n<\/tr>\n \nMichigan<\/p>\n<\/td>\n \n61<\/p>\n<\/td>\n \n20,872<\/p>\n<\/td>\n \n2,399,534<\/p>\n<\/td>\n \n$16.82<\/p>\n<\/td>\n \n77.0%<\/p>\n<\/td>\n<\/tr>\n \nGeorgia<\/p>\n<\/td>\n \n57<\/p>\n<\/td>\n \n21,849<\/p>\n<\/td>\n \n2,869,994<\/p>\n<\/td>\n \n$17.07<\/p>\n<\/td>\n \n71.1%<\/p>\n<\/td>\n<\/tr>\n \nArizona<\/p>\n<\/td>\n \n53<\/p>\n<\/td>\n \n24,281<\/p>\n<\/td>\n \n3,258,082<\/p>\n<\/td>\n \n$17.13<\/p>\n<\/td>\n \n66.5%<\/p>\n<\/td>\n<\/tr>\n \nWisconsin<\/p>\n<\/td>\n \n44<\/p>\n<\/td>\n \n17,232<\/p>\n<\/td>\n \n2,079,153<\/p>\n<\/td>\n \n$14.73<\/p>\n<\/td>\n \n72.0%<\/p>\n<\/td>\n<\/tr>\n \nMissouri<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n15,343<\/p>\n<\/td>\n \n2,043,099<\/p>\n<\/td>\n \n$14.90<\/p>\n<\/td>\n \n65.8%<\/p>\n<\/td>\n<\/tr>\n \nNorth Carolina<\/p>\n<\/td>\n \n42<\/p>\n<\/td>\n \n17,893<\/p>\n<\/td>\n \n2,270,695<\/p>\n<\/td>\n \n$16.26<\/p>\n<\/td>\n \n65.5%<\/p>\n<\/td>\n<\/tr>\n \nWashington<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n14,483<\/p>\n<\/td>\n \n1,672,602<\/p>\n<\/td>\n \n$18.40<\/p>\n<\/td>\n \n71.0%<\/p>\n<\/td>\n<\/tr>\n \nTennessee<\/p>\n<\/td>\n \n38<\/p>\n<\/td>\n \n15,302<\/p>\n<\/td>\n \n1,708,974<\/p>\n<\/td>\n \n$15.83<\/p>\n<\/td>\n \n79.7%<\/p>\n<\/td>\n<\/tr>\n \nMinnesota<\/p>\n<\/td>\n \n35<\/p>\n<\/td>\n \n14,130<\/p>\n<\/td>\n \n1,773,948<\/p>\n<\/td>\n \n$14.52<\/p>\n<\/td>\n \n71.8%<\/p>\n<\/td>\n<\/tr>\n \nNew Jersey<\/p>\n<\/td>\n \n34<\/p>\n<\/td>\n \n16,290<\/p>\n<\/td>\n \n1,593,010<\/p>\n<\/td>\n \n$21.75<\/p>\n<\/td>\n \n79.6%<\/p>\n<\/td>\n<\/tr>\n \nIndiana<\/p>\n<\/td>\n \n34<\/p>\n<\/td>\n \n11,215<\/p>\n<\/td>\n \n1,190,289<\/p>\n<\/td>\n \n$14.95<\/p>\n<\/td>\n \n82.0%<\/p>\n<\/td>\n<\/tr>\n \nOntario<\/p>\n<\/td>\n \n33<\/p>\n<\/td>\n \n12,779<\/p>\n<\/td>\n \n1,448,676<\/p>\n<\/td>\n \n$24.11<\/p>\n<\/td>\n \n69.2%<\/p>\n<\/td>\n<\/tr>\n \nAlabama<\/p>\n<\/td>\n \n32<\/p>\n<\/td>\n \n8,672<\/p>\n<\/td>\n \n1,312,958<\/p>\n<\/td>\n \n$14.15<\/p>\n<\/td>\n \n56.6%<\/p>\n<\/td>\n<\/tr>\n Top 20 Totals<\/b><\/p>\n<\/td>\n 1,127<\/b><\/p>\n<\/td>\n 445,572<\/b><\/p>\n<\/td>\n 51,896,768<\/b><\/p>\n<\/td>\n $18.00<\/b><\/p>\n<\/td>\n 72.4%<\/b><\/p>\n<\/td>\n<\/tr>\n All Others<\/b><\/p>\n<\/td>\n 515<\/b><\/p>\n<\/td>\n 195,004<\/b><\/p>\n<\/td>\n 22,845,007<\/b><\/p>\n<\/td>\n $17.87<\/b><\/p>\n<\/td>\n 73.9%<\/b><\/p>\n<\/td>\n<\/tr>\n 1Q 2027 Totals<\/b><\/p>\n<\/td>\n 1,642<\/b><\/p>\n<\/td>\n 640,576<\/b><\/p>\n<\/td>\n 74,741,775<\/b><\/p>\n<\/td>\n $17.96<\/b><\/p>\n<\/td>\n 72.9%<\/b><\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q27<\/p>\n<\/td>\n \n973<\/p>\n<\/td>\n \n370,663<\/p>\n<\/td>\n \n35,677,662<\/p>\n<\/td>\n \n$18.82<\/p>\n<\/td>\n \n88.3%<\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q26<\/p>\n<\/td>\n \n973<\/p>\n<\/td>\n \n390,032<\/p>\n<\/td>\n \n35,651,823<\/p>\n<\/td>\n \n$17.49<\/p>\n<\/td>\n \n92.8%<\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q25<\/p>\n<\/td>\n \n973<\/p>\n<\/td>\n \n393,297<\/p>\n<\/td>\n \n35,632,735<\/p>\n<\/td>\n \n$17.04<\/p>\n<\/td>\n \n92.9%<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q27<\/p>\n<\/td>\n \n669<\/p>\n<\/td>\n \n269,913<\/p>\n<\/td>\n \n39,064,113<\/p>\n<\/td>\n \n$16.78<\/p>\n<\/td>\n \n58.6%<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q26<\/p>\n<\/td>\n \n600<\/p>\n<\/td>\n \n250,821<\/p>\n<\/td>\n \n33,908,110<\/p>\n<\/td>\n \n$15.97<\/p>\n<\/td>\n \n62.5%<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q25<\/p>\n<\/td>\n \n520<\/p>\n<\/td>\n \n212,004<\/p>\n<\/td>\n \n27,953,187<\/p>\n<\/td>\n \n$16.03<\/p>\n<\/td>\n \n63.4%<\/p>\n<\/td>\n<\/tr>\n Same Store Pool Held Constant for Prior Periods<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q27<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n973<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n370,663<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,677,662<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$18.82<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n88.3%<\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q26<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n902<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n390,032<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,412,656<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$17.44<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n92.8%<\/p>\n<\/td>\n<\/tr>\n \nSame Store 1Q25<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n879<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n393,297<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n28,263,627<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$17.05<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n93.9%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q27<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n669<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n269,913<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,064,113<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$16.78<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58.6%<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q26<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n671<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n309,884<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,147,277<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$16.31<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66.7%<\/p>\n<\/td>\n<\/tr>\n \nNon-Same Store 1Q25<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n614<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n294,476<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,322,294<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$16.28<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n69.0%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Note: Store Count, Units, and NRSF figures reflect active storage locations for the last month of the reporting quarter.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n Occupancy % reflects average occupancy during the reporting quarter.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n Revenue per foot is average revenue per occupied foot over the trailing twelve months ending June 2026.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n Same store includes storage locations with rentable storage inventory for more than three years and a capacity <\/i><\/b>change of less than twenty units for any year-over-year period of the reporting month.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n The locations have occupancy each month during the last three years and have achieved 80% or greater occupancy for the last two years.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n Prior year Same Store figures are for locations meeting the Same Store criteria as of the prior year reporting month.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIES<\/b><\/p>\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n<\/td>\n<\/tr>\n June 30,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n March 31,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n<\/tr>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n(In thousands)<\/p>\n<\/td>\n<\/tr>\n \nASSETS<\/p>\n<\/td>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,097,336<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,120,147<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTrade receivables and reinsurance recoverables, net<\/p>\n<\/td>\n \n190,912<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n159,768<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInventories and parts<\/p>\n<\/td>\n \n180,325<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n178,155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses<\/p>\n<\/td>\n \n137,688<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n191,671<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFixed maturity securities available-for-sale, net, at fair value<\/p>\n<\/td>\n \n2,321,038<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,417,912<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEquity securities, at fair value<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,724<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,976<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInvestments, other<\/p>\n<\/td>\n \n655,316<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n706,314<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred policy acquisition costs, net<\/p>\n<\/td>\n \n110,550<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112,852<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n146,498<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n127,202<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRight of use assets – operating, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n38,833<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,188<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRelated party assets<\/p>\n<\/td>\n \n44,141<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty, plant and equipment, at cost:<\/p>\n<\/td>\n \nLand<\/p>\n<\/td>\n \n1,866,794<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,865,369<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBuildings and improvements<\/p>\n<\/td>\n \n10,727,955<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,542,945<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFurniture and equipment<\/p>\n<\/td>\n \n1,087,938<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,074,032<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRental trailers and other rental equipment<\/p>\n<\/td>\n \n1,239,808<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,206,253<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRental trucks<\/p>\n<\/td>\n \n8,876,256<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,554,508<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n23,798,751<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n23,243,107<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLess: Accumulated depreciation<\/p>\n<\/td>\n \n(7,074,624<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(6,862,662<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal property, plant and equipment, net<\/p>\n<\/td>\n \n16,724,127<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,380,445<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n21,661,488<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n21,502,789<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/b><\/p>\n<\/td>\n \nLiabilities:<\/p>\n<\/td>\n \nAccounts payable and accrued expenses<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n909,147<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n850,294<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNotes, loans and finance liabilities payable, net<\/p>\n<\/td>\n \n8,105,429<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,083,374<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOperating lease liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,577<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,957<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPolicy benefits and losses, claims and loss expenses payable<\/p>\n<\/td>\n \n947,870<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n939,874<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLiabilities from investment contracts<\/p>\n<\/td>\n \n2,335,870<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,357,545<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther policyholders’ funds and liabilities<\/p>\n<\/td>\n \n2,451<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,899<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred income<\/p>\n<\/td>\n \n69,269<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n56,614<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred income taxes, net<\/p>\n<\/td>\n \n1,592,072<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,559,581<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities<\/p>\n<\/td>\n \n14,001,685<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,891,138<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommon stock<\/p>\n<\/td>\n \n10,497<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,497<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNon-voting common stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in capital<\/p>\n<\/td>\n \n462,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n462,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccumulated other comprehensive loss<\/p>\n<\/td>\n \n(181,094<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(163,640<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nRetained earnings<\/p>\n<\/td>\n \n8,093,836<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,979,720<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCost of common stock in treasury, net<\/p>\n<\/td>\n \n(541,383<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(525,653<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nCost of Series N non-voting common stock in treasury, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(32,780<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCost of preferred stock in treasury, net<\/p>\n<\/td>\n \n(151,997<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(151,997<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal stockholders’ equity<\/p>\n<\/td>\n \n7,659,803<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,611,651<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and stockholders’ equity<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n21,661,488<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n21,502,789<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIES<\/b><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n Quarter Ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n(In thousands, except share and per share data)<\/p>\n<\/td>\n<\/tr>\n \nRevenues:<\/p>\n<\/td>\n \nSelf-moving equipment rental revenues<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,087,578<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,058,273<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSelf-storage revenues<\/p>\n<\/td>\n \n250,172<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n234,237<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSelf-moving and self-storage products and service sales<\/p>\n<\/td>\n \n99,240<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,188<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty management fees<\/p>\n<\/td>\n \n9,565<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,582<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLife insurance premiums<\/p>\n<\/td>\n \n18,066<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,169<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty and casualty insurance premiums<\/p>\n<\/td>\n \n24,251<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21,738<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet investment and interest income<\/p>\n<\/td>\n \n37,368<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n35,211<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther revenue<\/p>\n<\/td>\n \n155,787<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n154,072<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal revenues<\/p>\n<\/td>\n \n1,682,027<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,630,470<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCosts and expenses:<\/p>\n<\/td>\n \nOperating expenses<\/p>\n<\/td>\n \n886,990<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n826,749<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCommission expenses<\/p>\n<\/td>\n \n120,272<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n116,737<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCost of product sales<\/p>\n<\/td>\n \n71,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72,205<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBenefits and losses<\/p>\n<\/td>\n \n42,137<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n45,182<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAmortization of deferred policy acquisition costs<\/p>\n<\/td>\n \n4,874<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,917<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLease expense<\/p>\n<\/td>\n \n3,496<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,874<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation, net of (gains) losses on disposals<\/p>\n<\/td>\n \n298,840<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n304,009<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet (gains) losses on disposal of real estate<\/p>\n<\/td>\n \n3,068<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,617<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nTotal costs and expenses<\/p>\n<\/td>\n \n1,431,431<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,373,056<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEarnings from operations<\/p>\n<\/td>\n \n250,596<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n257,414<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther components of net periodic benefit costs<\/p>\n<\/td>\n \n(357<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(346<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nOther interest income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,391<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,669<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInterest expense<\/p>\n<\/td>\n \n(97,912<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(82,330<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nFees on early extinguishment of debt and costs of defeasance<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(31<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(26<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nPretax earnings<\/p>\n<\/td>\n \n161,687<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n185,381<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax expense<\/p>\n<\/td>\n \n(38,758<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(43,050<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nEarnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n122,929<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n142,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic and diluted earnings per share of Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.58<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.68<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average shares outstanding of Common Stock: Basic and diluted<\/p>\n<\/td>\n \n19,545,696<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,607,788<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic and diluted earnings per share of Non-Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.63<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.73<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average shares outstanding of Non-Voting Common Stock: Basic and diluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176,324,023<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176,470,092<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n EARNINGS PER SHARE<\/b><\/p>\n \nWe calculate earnings per share using the two-class method in accordance with Accounting Standards Codification Topic 260, Earnings Per Share<\/i>. The two-class method allocates the undistributed earnings available to common stockholders to the Company\u2019s outstanding common stock, $0.25 par value (the \u201cVoting Common Stock\u201d) and the Series N Non-Voting Common Stock, $0.001 par value (the \u201cNon-Voting Common Stock\u201d) based on each share\u2019s 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.<\/p>\n \nOur 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.<\/p>\n \nThe calculation of basic and diluted earnings per share for the quarters ended June 30, 2026 and 2025 for our Voting Common Stock and Non-Voting Common Stock were as follows:<\/p>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n For the Quarter Ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(In thousands, except share and per share amounts)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average shares outstanding of Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,545,696<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,607,788<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n195,869,719<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n196,077,880<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPercent of weighted average shares outstanding of Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n122,929<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n142,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nVoting Common Stock dividends declared<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNon-Voting Common Stock dividends declared<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(8,813<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(8,824<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n114,116<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n133,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings available to common stockholders allocated to Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n11,412<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n13,351<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings per share of Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.58<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.68<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDividends declared per share of Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic and diluted earnings per share of Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.58<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.68<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average shares outstanding of Non-Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176,324,023<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n176,470,092<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTotal weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n195,869,719<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n196,077,880<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPercent of weighted average shares outstanding of Non-Voting Common Stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n122,929<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n142,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nVoting Common Stock dividends declared<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2013<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNon-Voting Common Stock dividends declared<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(8,813<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(8,824<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n114,116<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n133,507<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings available to common stockholders allocated to Non-Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n102,704<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n120,156<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nUndistributed earnings per share of Non-Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.58<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.68<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDividends declared per share of Non-Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.05<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.05<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic and diluted earnings per share of Non-Voting Common Stock<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.63<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n0.73<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Non-GAAP Financial Measures<\/b><\/p>\n \nBelow is a reconciliation of Moving and Storage non-GAAP financial measures adjusted EBITDA. The Company believes that these widely accepted measures of operating profitability enhance the transparency of its disclosures, provide a meaningful presentation of the Company’s results from its core business operations excluding the impact of items not related to ongoing core business operations, and improve the period-to-period comparability of those results. These non-GAAP financial measures are not substitutes for GAAP financial results and should only be considered in conjunction with the Company’s financial information that is presented in accordance with GAAP. The non-GAAP measure reported is adjusted EBITDA. The table below presents the reconciliation of the trailing twelve months adjusted EBITDA measures to its most directly comparable GAAP measures.<\/p>\n Moving and Storage EBITDA Calculations<\/b><\/p>\n<\/td>\n<\/tr>\n \n(In thousands, unaudited)<\/p>\n<\/td>\n Trailing Twelve Months<\/b><\/p>\n<\/td>\n<\/tr>\n June 30,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n March 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n September 30,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2026<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n63,726<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n83,128<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n128,622<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n232,756<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n314,004<\/p>\n<\/td>\n<\/tr>\n \nIncome tax expense<\/p>\n<\/td>\n \n5,661<\/p>\n<\/td>\n \n10,341<\/p>\n<\/td>\n \n11,714<\/p>\n<\/td>\n \n48,448<\/p>\n<\/td>\n \n76,156<\/p>\n<\/td>\n<\/tr>\n \nFees on early extinguishment of debt and costs of defeasance<\/p>\n<\/td>\n \n1,113<\/p>\n<\/td>\n \n1,108<\/p>\n<\/td>\n \n189<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n<\/tr>\n \nInterest expense<\/p>\n<\/td>\n \n380,449<\/p>\n<\/td>\n \n364,868<\/p>\n<\/td>\n \n348,914<\/p>\n<\/td>\n \n330,192<\/p>\n<\/td>\n \n311,609<\/p>\n<\/td>\n<\/tr>\n \nOther interest income<\/p>\n<\/td>\n \n(46,295)<\/p>\n<\/td>\n \n(47,597)<\/p>\n<\/td>\n \n(40,881)<\/p>\n<\/td>\n \n(45,759)<\/p>\n<\/td>\n \n(51,899)<\/p>\n<\/td>\n<\/tr>\n \nOther components of net periodic benefit costs<\/p>\n<\/td>\n \n1,394<\/p>\n<\/td>\n \n1,383<\/p>\n<\/td>\n \n1,409<\/p>\n<\/td>\n \n1,435<\/p>\n<\/td>\n \n1,462<\/p>\n<\/td>\n<\/tr>\n \nNet losses on disposal of real estate<\/p>\n<\/td>\n \n13,296<\/p>\n<\/td>\n \n8,611<\/p>\n<\/td>\n \n11,915<\/p>\n<\/td>\n \n12,577<\/p>\n<\/td>\n \n11,037<\/p>\n<\/td>\n<\/tr>\n \nDepreciation, net of gains on disposals<\/p>\n<\/td>\n \n1,281,852<\/p>\n<\/td>\n \n1,287,021<\/p>\n<\/td>\n \n1,238,114<\/p>\n<\/td>\n \n1,158,986<\/p>\n<\/td>\n \n1,045,648<\/p>\n<\/td>\n<\/tr>\n \nElimination of net earnings from insurance subsidiaries<\/p>\n<\/td>\n \n(63,885)<\/p>\n<\/td>\n \n(63,004)<\/p>\n<\/td>\n \n(59,823)<\/p>\n<\/td>\n \n(56,761)<\/p>\n<\/td>\n \n(57,766)<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,637,311<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,645,859<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,640,173<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,681,900<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1,650,277<\/p>\n<\/td>\n<\/tr>\n Moving and Storage EBITDA Calculations<\/b><\/p>\n<\/td>\n \n(In thousands, unaudited)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Quarters Ended<\/b><\/p>\n<\/td>\n<\/tr>\n June 30,<\/b><\/p>\n<\/td>\n June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n 2026<\/b><\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet earnings available to common stockholders<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n122,929<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n142,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax expense<\/p>\n<\/td>\n \n35,406<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,086<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFees on early extinguishment of debt and costs of defeasance<\/p>\n<\/td>\n \n31<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInterest expense<\/p>\n<\/td>\n \n97,939<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n82,358<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther interest income<\/p>\n<\/td>\n \n(9,463<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(10,765<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nOther components of net periodic benefit costs<\/p>\n<\/td>\n \n357<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n346<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet losses on disposal of real estate<\/p>\n<\/td>\n \n3,068<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,617<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nDepreciation, net of gains on disposals<\/p>\n<\/td>\n \n298,840<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n304,009<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nElimination of net earnings from insurance subsidiaries<\/p>\n<\/td>\n \n(12,385<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(11,504<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n536,722<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n545,270<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260805342587\/en\/<\/a><\/span><\/p>\n Sebastien Reyes KEYWORDS:<\/b> Nevada United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Trucking Automotive Transport Commercial Building & Real Estate Construction & Property Fleet Management<\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n
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Province<\/p>\n<\/td>\n\n \n \n \n
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Occupied<\/p>\n<\/td>\n\n \n
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Square Feet<\/p>\n<\/td>\n\n \n
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Revenue
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Per Foot<\/p>\n<\/td>\n\n \n
\n
During Qtr<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n<\/b>
Director of Investor Relations
\n<\/b>
U-Haul Holding Company
\n<\/b>
(602) 263-6601
\n<\/b>
Sebastien_Reyes@uhaul.com<\/b><\/a><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260805342587\/en\/2868712\/3\/U-HAUL_HOLDING_COMPANY_FINAL.jpg\")
<\/td>\n<\/tr>\n