U-Haul 2005 Annual Report Download - page 11

Download and view the complete annual report

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.

Page out of 103

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103

10 I AMERCO ANNUAL REPORT
29,000,000
square฀feet฀of฀storage฀space
Self-Storage
$114 million in revenues
331,000
customers served
29 million
square feet of
storage space
The฀self-storage฀industry฀has฀
experienced฀rapid฀growth฀over฀
the฀past฀31฀years.฀What฀started฀
as฀an฀industry฀with฀little฀shared฀
resources,฀where฀self-storage฀
operators/owners฀relied฀on฀their฀own฀
knowledge฀and฀intuition,฀has฀grown฀to฀an฀
industry฀with฀over฀1.46฀billion฀square฀feet฀of฀
storage฀in฀approximately฀38,800฀facilities฀
throughout฀the฀United฀States฀and฀Canada,฀with฀
a฀market฀value฀of฀approximately฀$120฀billion.฀
Today,฀the฀self-storage฀industry฀remains฀highly฀
decentralized.฀Approximately฀85฀percent฀of฀the฀
self-storage฀locations฀throughout฀North฀America฀
are฀independent฀of฀a฀national฀brand.฀Our฀strategy฀
is฀to฀team฀up฀with฀these฀independent฀storage฀
providers฀to฀create฀a฀nationwide฀network฀of฀
affiliates฀that฀allows฀independents฀to฀stay฀
independent฀yet฀gain฀the฀advantage฀of฀national-
brand฀recognition฀and฀visibility฀they฀
otherwise฀would฀not฀have฀access฀to.
Through฀our฀Storage฀
Affiliate฀Program,฀which฀
includes฀a฀unique฀mix฀
of฀company฀and฀
independently฀owned฀
and฀operated฀self-storage฀
providers,฀we฀have฀shaped฀
the฀world’s฀largest฀moving฀
and฀storage฀reservation฀
system.฀This฀network฀allows฀
independent฀
storage฀affiliates฀
to฀increase฀their฀
location’s฀visibility฀
and฀also฀helps฀U-Haul฀
customers฀rent฀a฀storage฀room฀in฀
areas฀where฀it฀is฀convenient฀to฀
their฀home.฀This฀network฀currently฀
includes฀many฀regional฀and฀local฀
operators.฀We฀believe฀that฀the฀
growth฀potential฀for฀this฀network฀
is฀unlimited.