Amerco Annual Virtual Analyst And Investor Webcast Transcript
Hello. I'm Joe Shoen, speaking to you from Phoenix, Arizona. U-Haul first entered the self-storage business in 1973 by converting an existing building. I wrote my thesis in business school on self-storage in 1972. Having grown up in U-Haul, it is as clear to me now as it was then that self-moving and self-storage are complementary products and services. Of course, this isn't a new connection. Moving and storage have been marketed together since at least the early 1900s in the United States.
U-Haul is currently the third largest self-storage operator in North America based on a number of locations and the fourth largest on a square foot basis. We offer over 812,000 rentable storage units and 70 million square feet of self-storage in the United States and Canada.
While the self-storage industry continues to undergo consolidation, it remains highly fragmented. U-Haul maintains a presence with many of these local operators in 2 main ways. First, more than 5,700 independent self-storage locations supplement their income
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