U-Haul expands self-storage footprint in Albuquerque, shares in the transportation services segment

By Christina Vogel, Background & Management desk. Reviewed prior to publication on 2026-06-28, 12:02.

U-Haul (US02744A1097) is committing fresh capital to its storage network with a new self-storage development in Albuquerque, New Mexico. The project sits within the broader US transportation services space where peers such as Public Storage and Extra Space Storage also operate specialized storage assets.

Details of the Albuquerque project

According to a local business report, U-Haul has broken ground on a self-storage facility in Albuquerque with a planned investment of about 15.7 million US dollars. The planned building will span roughly 104,787 square feet of space and is designed to include climate-controlled storage units and parking for around 50 recreational vehicles. The construction timeline for the site is estimated at approximately 14 months from the start date, underscoring that the project is intended as a medium-term capacity addition rather than a rapid build. The Albuquerque Business First coverage of the new facility describes the project as part of an ongoing expansion of storage offerings in the region.

Positioning within storage and transportation services

U-Haul is best known for its rental trucks and trailers, but the company also derives meaningful revenue from self-storage services across North America. In the broader listed storage and transportation services universe that includes names like Public Storage or Extra Space Storage, self-storage assets are typically valued for relatively stable occupancy and recurring fee income. The Albuquerque project, with its mix of climate-controlled units and RV parking, fits this pattern by adding capacity in a metro area that has seen continued residential and commercial growth, which can support demand for additional storage space. The company’s expansion also keeps it aligned with other transportation service providers that seek to broaden ancillary revenue streams beyond pure vehicle rental.

The business behind the stock

U-Haul’s core business model combines truck and trailer rentals with self-storage solutions aimed at household and small business customers. Customers typically rent vehicles for local or long-distance moves, while storage units provide flexible space for goods during transitions or for longer-term use. The new Albuquerque facility, with its climate-controlled units and dedicated RV parking, exemplifies this mixed offering by serving both traditional storage users and recreational vehicle owners. The company’s nationwide network of locations supports cross-country moving services, while local storage sites deepen its presence in individual metropolitan areas.

Where the U-Haul shares trade today

The U-Haul shares (US02744A1097) are listed on the New York Stock Exchange as part of the transportation services sector. As of the close on 2026-06-26 at 15:59 Eastern Time, the shares traded at 66.80 US dollars on the NYSE, with an indicated after-hours level of 66.94 US dollars at 18:07 Eastern.

This text is for informational purposes only and does not constitute investment advice, a buy or sell recommendation, or a solicitation to engage in securities transactions. All data cited are based on publicly available sources believed to be reliable at the time of writing but may change without notice.