AMERCO Reports Q3 EPS of $.80 vs. $.30

AMERCO UHAL, parent of U-Haul International, Inc. today reported net earnings available to common shareholders for its third quarter ended December 31, 2010, of $15.5 million, or $0.80 per share, compared with $0.3 million, or $0.02 per share, for the same period last year. Self-moving equipment rental revenues increased $21.7 million for the third quarter of fiscal 2011 compared with the third quarter of fiscal 2010. Revenue as well as transactions increased from both one-way and in-town moves compared with the same period last year. Self-storage revenues increased $2.7 million for the third quarter of fiscal 2011 compared with the same period last year as total occupancy has increased. Our average occupancy during the third quarter of fiscal 2011 increased by nearly 650,000 square feet compared with the third quarter of fiscal 2010.