10x Insights
Loading account…
Companies / Real Estate / Tejon Ranch Co.
TRC

Tejon Ranch Co.

Real EstateReal Estate
Ticker TRCLEBEC, CAFiscal year ends DecemberBook value per share $17.79Diluted shares 27.1M

Tejon Ranch Co. (NYSE: TRC) is a diversified real estate development company whose principal asset is approximately 270,000 acres of contiguous land in California. Its primary business is the Tejon Ranch Commerce Center, a commercial and industrial development along Interstate 5, where it develops and leases property… From the company’s description.

Over the twelve months to Sep 30, 2026, Tejon Ranch Co. reported revenue of $67.48M, up 45.4% from a year earlier, and net income of $7.66M. Its operating margin was 5.8%, and operations generated $17.50M in cash. In fiscal 2025, it reported revenue of $49.59M, up 18.4% from fiscal 2024, and net income of $0.07M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$49.59MFY2025
+18.4% year over year
Last 12 mo $67.48M
-16.04%FY2025
+5.9 percentage points
Last 12 mo 5.75%
$0.07MFY2025
−97.4% year over year
Last 12 mo $7.66M
0.02%FY2025
−0.6 percentage points
Last 12 mo 1.59%
Cash & financing
$6.13MFY2025
−57.2% year over year
Last 12 mo $17.50M
$-57.08MFY2025
−33.0% year over year
Last 12 mo $-15.97M
0.20FY2025
Was 0.14× a year earlier
Last 12 mo 0.20
—
Last 12 mo 27.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Tejon Ranch Co. does

In the company’s own words

Tejon Ranch Co. (NYSE: TRC) is a diversified real estate development company whose principal asset is approximately 270,000 acres of contiguous land in California. Its primary business is the Tejon Ranch Commerce Center, a commercial and industrial development along Interstate 5, where it develops and leases property and sells entitled land to businesses, including logistics, distribution and retail users. The company also develops and owns rental housing, plans large master-planned communities, and earns income from mineral royalties, farming and ranch operations. Its six reporting segments are Commercial/Industrial Real Estate, Multifamily, Resort/Residential Real Estate, Mineral Resources, Farming and Ranch Operations. In 2025, Commercial/Industrial Real Estate generated $15.0 million in revenue, Farming $18.7 million, Mineral Resources $9.6 million, Ranch Operations $5.5 million and Multifamily $0.7 million; Resort/Residential was not revenue-generating. Terra Vista at Tejon is its first multifamily community, while Mountain Village, Grapevine and Centennial are major planned developments. Total assets were $630.5 million at December 31, 2025. Its website is www.tejonranch.com.

Company details
Sector
Real Estate
Industry (SIC)
Real Estate
Headquarters
LEBEC, CA
Fiscal year end
December
CIK
96869
SIC
6500

Financial performance, year by year

Fiscal 2011–2025 · USD
$-9.66M$14.58M$38.82M$63.06M$87.30M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Tejon Ranch Co. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

150
funds hold it
0 of 35
superinvestors hold it
$157.02M
held by funds, at market
30.5%
of shares held by funds

Largest fund holders · Tejon Ranch Co.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
0.86%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.23%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Tejon Ranch Co. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Tejon Ranch Co.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Tejon Ranch Co.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.