Latest news with #selfstorage
Associated Press
12 hours ago
- Business
- Associated Press
U-Haul Offers Disaster Relief After Derecho Hits North Dakota, Minnesota
FARGO, N.D.--(BUSINESS WIRE)--Jun 21, 2025-- U-Haul ® is extending 30 days of free self-storage and U-Box ® container usage at seven centers across eastern North Dakota and northern Minnesota to residents affected by tornadoes that left a wide path of destruction Friday night and into the early hours of Saturday. A derecho with winds exceeding 100 mph moved across numerous counties in both states, damaging properties and leaving thousands without power. There were multiple tornado sightings throughout the fast-moving storm system. Enderlin, N.D., located southwest of Fargo, and Bemidji, Minn., were among the communities hardest hit. Access to dry and secure self-storage and portable storage containers can be vital to communities during the clean-up and recovery process after natural disasters. The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability. The U-Box offer is for on-site storage at Company centers, and for customers who tow their portable storage container. U-Box delivery and pick-up is also available for a modest cost. People seeking more information on the disaster relief program or needing to arrange storage services can contact the nearest participating U-Haul facility: NORTH DAKOTA Fargo, ND 58103 (701) 205-3260 Fargo, ND 58103 (701) 293-5256 Fargo, ND 58104 (701) 492-8900 Fargo, ND 58102 (701) 639-7714 MINNESOTA Dilworth, MN 56529 (218) 303-1480 Nisswa, MN 56468 (218) 963-5106 Brainerd, MN 56401 (218) 297-3018 In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder. About U-HAUL Celebrating our 80th anniversary in 2025, U-Haul is the No. 1 choice of do-it-yourself movers with more than 24,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,900 trucks, 138,200 trailers and 40,300 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,060,000 rentable storage units and 92.0 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play. View source version on CONTACT: Jeff Lockridge E-mail:[email protected] Phone: 602-760-4941 Website: KEYWORD: UNITED STATES NORTH AMERICA NORTH DAKOTA MINNESOTA INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE AUTOMOTIVE CONSTRUCTION & PROPERTY PHILANTHROPY TRUCKING OTHER PHILANTHROPY TRANSPORT NATURAL DISASTERS ENVIRONMENT FLEET MANAGEMENT SOURCE: U-Haul Holding Company Copyright Business Wire 2025. PUB: 06/21/2025 08:26 PM/DISC: 06/21/2025 08:25 PM
Yahoo
12 hours ago
- Business
- Yahoo
U-Haul Offers Disaster Relief After Derecho Hits North Dakota, Minnesota
FARGO, N.D., June 22, 2025--(BUSINESS WIRE)--U-Haul® is extending 30 days of free self-storage and U-Box® container usage at seven centers across eastern North Dakota and northern Minnesota to residents affected by tornadoes that left a wide path of destruction Friday night and into the early hours of Saturday. A derecho with winds exceeding 100 mph moved across numerous counties in both states, damaging properties and leaving thousands without power. There were multiple tornado sightings throughout the fast-moving storm system. Enderlin, N.D., located southwest of Fargo, and Bemidji, Minn., were among the communities hardest hit. Access to dry and secure self-storage and portable storage containers can be vital to communities during the clean-up and recovery process after natural disasters. The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability. The U-Box offer is for on-site storage at Company centers, and for customers who tow their portable storage container. U-Box delivery and pick-up is also available for a modest cost. People seeking more information on the disaster relief program or needing to arrange storage services can contact the nearest participating U-Haul facility: NORTH DAKOTA U-Haul Moving & Storage of 13th Ave. 4901 13th Ave ND 58103(701) 205-3260 U-Haul Moving & Storage of Fargo 1436 Main ND 58103(701) 293-5256 U-Haul Moving & Storage of Osgood 5200 Veterans ND 58104(701) 492-8900 U-Haul Storage of Fargo 610 42nd St. ND 58102(701) 639-7714 MINNESOTA U-Haul Moving & Storage of Moorhead 50 County Road 9Dilworth, MN 56529(218) 303-1480 U-Haul Storage of Nisswa 4745 County Road 77Nisswa, MN 56468(218) 963-5106 U-Haul Storage North Baxter 15237 Edgewood MN 56401(218) 297-3018 In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder. About U-HAUL Celebrating our 80th anniversary in 2025, U-Haul is the No. 1 choice of do-it-yourself movers with more than 24,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 193,900 trucks, 138,200 trailers and 40,300 towing devices. U-Haul is the third largest self-storage operator in North America and offers 1,060,000 rentable storage units and 92.0 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play. View source version on Contacts Jeff LockridgeE-mail: publicrelations@ Phone: 602-760-4941Website: Sign in to access your portfolio
Yahoo
17 hours ago
- Business
- Yahoo
Strong Portfolio Pushes SmartStop Self Storage REIT, Inc. (SMA) to Strong Buy
SmartStop Self Storage REIT, Inc. (NYSE:SMA) is among the best small company stocks to invest in. On Wednesday, analysts at Raymond James raised the price target for SmartStop Self Storage REIT, Inc. (NYSE:SMA) to $44.00, up from $42.00, while upgrading to Strong Buy from Outperform. This confidence is driven by the company's high-quality portfolio and operating platform. Over the last few months, SmartStop Self Storage REIT, Inc. (NYSE:SMA) has returned quite impressive returns. While the market's year-to-date return stands at merely 1.72%, the company reported an impressive 9.24%. This shows that the giant is just getting started. A row of self-storage units in a self-storage complex, showing the affordability and security offered by the company. From higher organic growth potential and margin upside to external growth impact because of its smaller size, the firm highlighted various reasons for a turnaround. The company has witnessed a revenue growth of 5.34% in the last twelve months, and with analysts anticipating 9% growth for the current fiscal year, SMA seems to be a hidden gem. SmartStop Self Storage REIT, Inc. (NYSE:SMA) is a California-based company that owns and operates self-storage facilities in the United States and Canada. This self-managed REIT has a fully integrated operations team of around 590 self-storage professionals. With 220 operating properties in 23 states, the company is committed to delivering value to its investors and customers. While we acknowledge the potential of SMA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Talonvest Secures $17.8M in Financings for a Four-Property Portfolio
Tierra Corporation NEWPORT BEACH, CA, June 18, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $17,800,000 refinance loan on behalf of Tierra Corporation for a four-property self storage portfolio located across high-demand markets in Southern California and Arizona. The portfolio includes properties in Riverside, Redlands, and Indio, California, as well as Yuma, Arizona. In total, the facilities span 377,939 net rentable square feet and comprise 2,252 non-climate-controlled drive-up units, 25 climate-controlled units, 4 manager units, and 198 RV parking spaces. The non-recourse, CMBS execution loan was structured with a sub-6% fixed interest rate and 10 years of interest-only payments. Art Flaming, Principal of Tierra Corporation, commented, "Talonvest's deep lender relationships and expert execution were critical in securing favorable terms in a shifting market environment.' The Talonvest team responsible for this assignment included Eric Snyder, Britt Taylor, Mason Brusseau, and Lauren Maehler. About Talonvest Capital Inc. Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company's collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at Contact:Carole StanleyTalonvest Capital, Inc.949.251-9900cstanley@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Should You Retain Extra Space Storage Stock in Your Portfolio Now?
Extra Space Storage EXR is well-positioned to gain from its high brand value, geographically diversified portfolio and the self-storage industry's need-based and recession-resilient nature. The company's focus on store expansion through accretive buyouts bodes well for long-term growth. However, EXR is likely to face headwinds from lower new customer rates. The development boom of self-storage units in many markets is likely to continue affecting its pricing power. In the past three months, shares of this Zacks Rank #3 (Hold) company have risen 1.1% compared to the industry's fall of 1.4%. Analysts seem bullish on this stock, with the Zacks Consensus Estimate for its 2025 funds from operations (FFO) being revised marginally northward over the past month to $8.17. Image Source: Zacks Investment Research Extra Space Storage is the largest operator of self-storage properties in the United States. The company has significantly expanded its business in recent years, growing its branded store count from 1,029 in 2013 to 4,099 as of March 31, 2025 in 43 states and Washington, D.C. With a geographically diversified portfolio and significant scale, EXR is poised for long-term growth. We expect a year-over-year rise of 2.8% in the company's total revenues in 2025. The company is focused on consistently growing its business and achieving geographical diversity through accretive acquisitions, mutually beneficial joint venture partnerships and third-party management services. In addition to the buyouts, Extra Space Storage is making strategic investments through other channels in the storage sector, including preferred equity investments and a bridge loan program. The self-storage asset category is need-based and recession-resilient in nature. This asset class has low capital expenditure requirements and generates high operating margins. The self-storage industry continues to benefit from favorable demographic changes. For 2025, we estimate year-over-year growth of 2.7% in property rental revenues. Extra Space Storage is focused on improving its balance sheet, reducing secured debt and increasing the size of its unencumbered pool. As of March 31, 2025, the company's net debt to EBITDA was 5.3X. The percentage of unencumbered asset value to total asset value was 83.4%. With solid balance sheet strength, the company is well-poised to capitalize on external growth opportunities. EXR remains committed to increasing shareholders' wealth through consistent dividend payouts. In the past five years, the company has increased its dividend six times, and the five-year annualized dividend growth rate is 12.61% (Check Extra Space Storage dividend history). With a robust operating platform and a healthy financial position, we expect the dividend payout to be sustainable in the upcoming period. Extra Space Storage operates in a highly fragmented market in the United States, with intense competition from numerous private, regional and local operators. In addition, there has been a development boom of self-storage units in many markets in recent years. This high supply has fueled competition, affecting its power to raise rents and turn on more discounting. Particularly, the company continues to see new customer price sensitivity and, therefore, is likely to face headwinds from lower new customer rates in the near term. Despite the Federal Reserve announcing rate cuts late in 2024, the interest rate is still high and is a concern for Extra Space Storage. EXR has a substantial debt of around $12.81 billion as of March 31, 2025. Our estimate indicates a year-over-year rise of 4.6% in interest expenses in 2025. Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share has been raised marginally over the past two months to $2.34. The consensus estimate for W.P. Carey's current-year FFO per share has moved northward 1.2% in the past two months to $4.88. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Extra Space Storage Inc (EXR) : Free Stock Analysis Report W.P. Carey Inc. (WPC) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
