U-Haul 2005 Annual Report Download - page 11
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Please find page 11 of the 2005 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.10 I AMERCO ANNUAL REPORT
29,000,000
squarefeetofstoragespace
Self-Storage
$114 million in revenues
331,000
customers served
29 million
square feet of
storage space
Theself-storageindustryhas
experiencedrapidgrowthover
thepast31years.Whatstarted
asanindustrywithlittleshared
resources,whereself-storage
operators/ownersreliedontheirown
knowledgeandintuition,hasgrowntoan
industrywithover1.46billionsquarefeetof
storageinapproximately38,800facilities
throughouttheUnitedStatesandCanada,with
amarketvalueofapproximately$120billion.
Today,theself-storageindustryremainshighly
decentralized.Approximately85percentofthe
self-storagelocationsthroughoutNorthAmerica
areindependentofanationalbrand.Ourstrategy
istoteamupwiththeseindependentstorage
providerstocreateanationwidenetworkof
affiliatesthatallowsindependentstostay
independentyetgaintheadvantageofnational-
brandrecognitionandvisibilitythey
otherwisewouldnothaveaccessto.
ThroughourStorage
AffiliateProgram,which
includesauniquemix
ofcompanyand
independentlyowned
andoperatedself-storage
providers,wehaveshaped
theworld’slargestmoving
andstoragereservation
system.Thisnetworkallows
independent
storageaffiliates
toincreasetheir
location’svisibility
andalsohelpsU-Haul
customersrentastorageroomin
areaswhereitisconvenientto
theirhome.Thisnetworkcurrently
includesmanyregionalandlocal
operators.Webelievethatthe
growthpotentialforthisnetwork
isunlimited.