TRC Tejon Ranch Co
Price Chart
Executive Summary
Tejon Ranch Co. reported mixed financial results for 2025, with revenue and Adjusted EBITDA up 7% and 8% respectively, driven by strong farming and commercial real estate performance. However, net income fell sharply to $0.1 million from $2.7 million in 2024, primarily due to $3.4 million in one-time proxy defense and litigation costs. The company highlighted progress in operational efficiency and development activity, particularly at TRCC and Centennial.
Key Financial Metrics
Actionable Insight
Traders should monitor Centennial entitlement progress and 2026 farming outlook, where pistachios are expected to be in a down-bearing year. Despite weak headline net income, improving core operations and strong leasing suggest potential upside if development milestones are met.
Key Facts
- 2025 revenue increased 7% to $58.7 million, up from $54.7 million in 2024
- Net income attributable to common stockholders dropped to $75,000 in 2025 from $2.69 million in 2024
- Adjusted EBITDA rose 8% to $25.3 million in 2025
- Farming segment revenue surged 35% to $18.7 million due to a rebound in pistachio production
- Commercial/industrial revenue increased 20% to $15.0 million
- Company incurred $3.4 million in one-time proxy defense and litigation costs
- TRCC industrial portfolio is 100% leased; Outlets at Tejon hit record retail sales
- Centennial master-planned community is advancing through entitlement process
Financial Impact
Revenue and Adjusted EBITDA improved, but net income declined sharply due to one-time costs. Adjusting for $3.4M in non-recurring expenses, underlying profitability improved.
Risk Factors
- 2026 farming results expected to decline due to down-bearing pistachio cycle and higher input costs
- Centennial development remains subject to regulatory and litigation delays
- Net income volatility due to lumpy land sales and one-time costs
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3258913 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 7, 2026
4w ago
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8-K
| $20.48 $18.88 | ▼ −7.81% | ▼ −10.95% | $19.53 (−4.61%) |
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May 7, 2026
4w ago
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Press Release
| $20.48 $18.88 | ▼ −7.81% | ▼ −10.95% | $19.53 (−4.61%) |
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Apr 3, 2026
9w ago
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DEFA14A
| $19.22 $19.88 | ▲ +3.43% | ▼ −5.55% | $19.53 (+1.64%) |
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Mar 19, 2026
11w ago
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Press Release
| $18.69 $19.83 | ▲ +6.10% | ▼ −1.52% | $19.53 (+4.52%) |
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Mar 5, 2026
13w ago
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8-K
| $17.92 $19.22 | ▲ +7.25% | ▲ +9.30% | $19.53 (+9.01%) |
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Mar 5, 2026
13w ago
|
Press Release
| $17.92 $19.22 | ▲ +7.25% | ▲ +9.30% | $19.53 (+9.01%) |
US Market Status
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