Tejon Ranch Q3 2023 Earnings Report

Tejon Ranch EPS Results

• Actual EPS: -$0.01
• Consensus EPS: -$0.03
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: N/A

Tejon Ranch Revenue Results

• Actual Revenue: $10.21 million
• Expected Revenue: $17.57 million
• Beat/Miss: Missed by -$7.36 million
• YoY Revenue Growth: N/A

Tejon Ranch Announcement Details

• Quarter: Q3 2023
• Date: 11/7/2023
• Time: N/A
• Conference Call Date: Tuesday, November 7, 2023
• Conference Call Time: 7:00AM ET

Tejon Ranch (NYSE:TRC). is a diversified landowner and agribusiness developer headquartered in Lebec, California. Established in its modern form in 1936, the company traces its roots to the historic Spanish land grants of Rancho Tejon and Rancho Castac. Today, Tejon Ranch is recognized as California’s largest private landholding, encompassing more than 270,000 acres of mountainous terrain, valley floor and foothill acreage. Its long-standing heritage in land stewardship reflects a commitment to sustainable resource management and community development.

The company’s core operations span three primary segments: agribusiness, real estate development and commercial real estate. In agribusiness, Tejon Ranch cultivates high-value crops including almonds, pistachios, walnuts and table grapes, while also managing cattle grazing on its expansive rangelands. Its real estate development arm focuses on master-planned residential and mixed-use communities—such as the Centennial project—executed in partnership with FivePoint Holdings. On the commercial side, the company has developed and leased retail and industrial properties, including a thriving outlet center and logistics facilities that capitalize on the ranch’s strategic location between Los Angeles and the Central Valley.

Tejon Ranch’s geographic reach is concentrated in Southern California, where it balances conservation and development amid one of the fastest-growing regions in the United States. The company also explores renewable energy opportunities, having leased portions of its land for wind and solar projects. Led by President and Chief Executive Officer Christopher D. Holmes and governed by a board with extensive experience in land management, agriculture and real estate, Tejon Ranch continues to pursue long-term value creation through a blend of sustainable agriculture, thoughtful community planning and commercial leasing initiatives.