U-Haul reports fiscal 2026 net earnings of $83.1M, down 77% YoY

U-Haul's annual earnings declined significantly to $83.1 million from $367.1 million, pressured by equipment disposal losses, elevated fleet depreciation, and costs from underutilized storage units. The company faces headwinds from liability cost growth and built-but-unrented storage capacity, though same-store storage revenues grew 8.3% annually.