SAN ANTONIO - U-Haul International, Inc. recently acquired an 11-acre property at 7616 NW Loop 410 in San Antonio, signaling the expansion of its services in the region with a new self-storage and moving center, set to open in early 2026. The land purchase, completed on January 23, will pave the way for the company's 16th owned and operated location in the city.
The planned U-Haul Moving & Storage of Ingram Park is expected to feature a three-story building with over 750 indoor climate-controlled self-storage units, equipped with advanced security measures. In addition to storage solutions, the facility will offer truck and trailer rentals, moving supplies, towing equipment, professional hitch installation, U-Box portable storage containers, and propane sales.
John Martinez, president of U-Haul Company of San Antonio West, cited Texas as the top U-Haul Growth State for three consecutive years, emphasizing the need to expand to meet the increasing demand for moving and storage solutions in San Antonio.
The company also announced its intention to hire 14 team members for the new store, with a focus on promoting local job growth and a preference for hiring veterans, in line with U-Haul's recognition as a veteran-friendly employer by The Military Times.
This expansion is part of U-Haul's ongoing efforts to meet the needs of a growing population in San Antonio, and it aligns with the company's broader goals of environmental stewardship and community support.
The information in this article is based on a press release statement from U-Haul International, Inc.
InvestingPro Insights
As U-Haul International, Inc. (UHAL) continues to expand its footprint in San Antonio with the acquisition of a new property, the company's financial health and market performance remain a key interest for investors. According to InvestingPro data, U-Haul's P/E Ratio (Adjusted) for the last twelve months as of Q2 2024 stands at 16.66, which is informative for evaluating the company's earnings relative to its share price. Another notable metric is the Price/Book ratio, which at 1.78, suggests that the company's market value is in a reasonable range compared to its book value.
Moreover, U-Haul's revenue for the last twelve months as of Q2 2024 is reported at $5.754 billion, underscoring the scale of the company's operations amidst its strategic growth initiatives. In light of these figures, one InvestingPro Tip highlights that U-Haul operates with a moderate level of debt, which can be a positive sign for investors looking for a stable investment. Additionally, the company's liquid assets exceed its short-term obligations, indicating a solid position to cover its immediate liabilities.
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