Moving and Storage Segment Growth
Adjusted EBITDA in the Moving and Storage segment increased by 6%, contributing nearly $31 million to the quarter's results due to strong revenue growth across all product lines.
Equipment Rental Revenue Increase
Equipment rental revenue increased by $44 million, marking a growth of just over 4% with revenue per transaction increasing in both in-town and one-way markets.
Self-Storage Revenue Growth
Storage revenues rose by $19 million, a 9% increase for the quarter, with average revenue per foot improving across the portfolio.
U-Box Revenue Surge
U-Box revenue increased by about 16%, reflecting success in increasing U-Box moving transactions and storage.