Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, a full-service restaurants, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes in 835 acres, almonds in 2,281 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. The company was founded in 1843 and is headquartered in Lebec, California.
IPO Year: 2000
Exchange: NYSE
Website: tejonranch.com
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Indianapolis-based Scannell Properties acquires 17.1 acres in the Tejon Ranch Commerce Center to build a state-of-the-art, sustainable automated manufacturing facility for Plant Prefab, an award-winning custom builder of high-quality multifamily and single-family housing TEJON RANCH, Calif., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today it has closed on the sale of 17.1 acres of land on the east side of the Tejon Ranch Commerce Center to Scannell Properties, a privately-held real estate development and investment company that focuses on build-to-suit and speculative development of industrial, office and multifamily facilities throughout the U.S., Canada and
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TEJON RANCH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) is pleased to announce the election of four seasoned professionals to its Board of Directors – Denise Gammon, Kenneth Yee, Jeff McCall and Eric Speron. These new additions were elected by the Board of Directors to fill vacancies resulting from an increase in the number of directors, and to fill a vacancy that will arise following the December 11, 2024 retirement of long-time Director Geoffrey L. Stack. The new directors are part of a plan, with input from our shareholders prior to and following our annual shareholders meeting, to advance diversity and address succession planning for the Board of Directors.
TEJON RANCH, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today that Nicholas (Nick) T. Ortiz will join the company as Senior Vice President, Corporate Communications and Public Affairs. In his position Ortiz will oversee the company's communications, brand image, government affairs key stakeholder engagement activities, and will coordinate with our investor relations team; all in service of the Company's long-term, growth-oriented goals for the company shareholders. Ortiz most recently served as Vice President of Small Business Advocacy for the California Chamber of Commerce (CalChamber) the state's largest, broadest and most effective business a
Highlights ISS and Glass Lewis Recommend to Withhold Votes for Nominating Committee Chair Michael H. Winer and Glass Lewis Recommends Voting Against Executive Compensation Urges Stockholders to Withhold Support for Steven A. Betts, Norman J. Metcalfe, Geoffrey L. Stack and Michael H. Winer and Vote Against Executive Compensation ENGLEWOOD CLIFFS, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC (together with its affiliates, "Nitor Capital Management" or "we"), a significant stockholder of Tejon Ranch Company (NYSE:TRC) ("Tejon Ranch" or the "Company") which beneficially owns approximately 1.8% of Tejon Ranch's outstanding shares, today commented on the Company's upcom
Exposes Company's 20-year History of Negative Stockholder Returns under Leadership of Incumbent Board and Questionable Compensation Practices Believes Net Asset Value of Company Exceeds $44 per Share, Nearly 3x Today's Share Price Confident Company can Deliver Stockholder Value with the Right Leadership and Strategy Plans to Withhold Support for Compensation Committee Chair Steven A. Betts, Chairman of the Board Norman J. Metcalfe, Real Estate Committee Chair Geoffrey L. Stack and Nominating Committee Chair Michael H. Winer ENGLEWOOD CLIFFS, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC, a significant stockholder of Tejon Ranch Company (NYSE:TR
TEJON RANCH, Calif., May 05, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today the appointment of Brett A. Brown as Executive Vice President and Chief Financial Officer. Brown was most recently Executive Vice President, Chief Financial Officer, and Treasurer at Alexander & Baldwin, Inc. (NYSE:ALEX), in Honolulu, HI. Brown will assume the position from current CFO Allen Lyda, who will continue his other responsibilities as Executive Vice President and Chief Operating Officer. Brown will report directly to Lyda in his new role. "We are extremely pleased to have a person of the caliber and experience of Brett Brown join our executive management team," said Gregory S. Biel
TriCo Bancshares (NASDAQ:TCBK) ("TriCo") has completed its previously-announced merger with Valley Republic Bancorp (OTC:VLLX) ("Valley") as of March 25, 2022. The combined company, operating as TriCo Bancshares with its banking subsidiary, Tri Counties Bank, anticipates having total assets of approximately $10.1 billion as the result of the merger. "We are excited to combine two community-focused financial institutions which are both significantly involved in the markets they serve," said Richard P. Smith, President and CEO of TriCo and Tri Counties Bank. "We look forward to providing our new clients with additional lending capabilities and expanded product offerings while delivering our
Tejon Ranch Co. (NYSE:TRC) announced today the appointment of Marc W. Hardy as Senior Vice President and General Counsel. Hardy is currently Of Counsel with the Buchalter law firm in Irvine, California, and from 2001 to 2020 served as Assistant General Counsel and then General Counsel/Assistant Secretary for the A.G. Spanos Companies. He has extensive experience in corporate law, real estate, land use and environmental issues. He will join the Company on May 10, 2021. "We are extremely pleased to have a person of the caliber and experience of Marc Hardy to oversee the Company's legal work," said Gregory S. Bielli, President and CEO of Tejon Ranch Co. "He has a depth of experience and knowl
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TEJON RANCH, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three and nine-months ended September 30, 2024. "In the third quarter of 2024, we continued the momentum in key areas of the company's real estate portfolio. The company continues to make progress toward the opening of our first multi-family apartment community, Terra Vista at Tejon, during the first half of 2025. The company also announced a new joint-venture with Dedeaux Properties to develop a 510,500 square foot building in Tejon Ranch Commerce Center. The Outlets at Tejon cel
TEJON RANCH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) is pleased to announce the election of four seasoned professionals to its Board of Directors – Denise Gammon, Kenneth Yee, Jeff McCall and Eric Speron. These new additions were elected by the Board of Directors to fill vacancies resulting from an increase in the number of directors, and to fill a vacancy that will arise following the December 11, 2024 retirement of long-time Director Geoffrey L. Stack. The new directors are part of a plan, with input from our shareholders prior to and following our annual shareholders meeting, to advance diversity and address succession planning for the Board of Directors.
TEJON RANCH, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Company (NYSE:TRC) announced today that it has signed a joint venture agreement with Dedeaux Properties to develop and lease an approximately 510,500-square-foot, state-of-the-art industrial warehouse at the Tejon Ranch Commerce Center (TRCC). Located at the intersection of Interstate 5 and Highway 99, TRCC is a mixed-use master planned community that operates as an important logistics hub serving all of California and the western United States, driving economic growth for Kern County. As the master developer of TRCC, Tejon has realized 8.2 million square feet in industrial development with an additional 11.1 million squar
TEJON RANCH, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today that Nicholas (Nick) T. Ortiz will join the company as Senior Vice President, Corporate Communications and Public Affairs. In his position Ortiz will oversee the company's communications, brand image, government affairs key stakeholder engagement activities, and will coordinate with our investor relations team; all in service of the Company's long-term, growth-oriented goals for the company shareholders. Ortiz most recently served as Vice President of Small Business Advocacy for the California Chamber of Commerce (CalChamber) the state's largest, broadest and most effective business a
TEJON RANCH, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three and six-months ended June 30, 2024. "In the second quarter 2024, we continued our strategic efforts to unlock the value of our entitled land assets and grow our diversified cash flow streams for the Company. Terra Vista at Tejon, our first multi-family apartment community located in our Tejon Ranch Commerce Center, has seen significant progress with its development timeline and is expected to have leasable units available in the second quarter of 2025. Ultimately, Terra Vist
Urges Company to Conduct Periodic Investor Calls and Adopt Investor Outreach Program Believes Transparency and Engagement Will Help Unlock Tejon's Value PALO ALTO, Calif., May 23, 2024 /PRNewswire/ -- Glenbrook Capital Management ("Glenbrook" or "we"), a long-time shareholder of Tejon Ranch Co. (NYSE:TRC) ("Tejon"), today issued the following open letter to the Chairman of the Nominating and Corporate Governance Committee of Tejon's Board of Directors May 23, 2024 Tejon Ranch Co.P.O. Box 1000Tejon Ranch, California 93243Attn: Michael H. Winer, Chairman of the Nominating and Corporate Governance Committee Dear Mr. Winer, You will remember that we wrote to you two years ago in connection with
Maintains Voting Results Demonstrate that Stockholders Have Lost Confidence in Current Board's Stewardship Calls on Board to Immediately Engage with Nitor Capital Management to Address Widespread Stockholder Concerns ENGLEWOOD CLIFFS, N.J., May 20, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC (together with its affiliates, "Nitor Capital Management" or "we"), a significant stockholder of Tejon Ranch Company (NYSE:TRC) ("Tejon Ranch" or the "Company") which beneficially owns approximately 1.8% of Tejon Ranch's outstanding shares, today expressed its views on the clear message sent by the Company's stockholders at the 2024 annual meeting of stockholders held on May 14, 2024 (the "
Highlights ISS and Glass Lewis Recommend to Withhold Votes for Nominating Committee Chair Michael H. Winer and Glass Lewis Recommends Voting Against Executive Compensation Urges Stockholders to Withhold Support for Steven A. Betts, Norman J. Metcalfe, Geoffrey L. Stack and Michael H. Winer and Vote Against Executive Compensation ENGLEWOOD CLIFFS, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC (together with its affiliates, "Nitor Capital Management" or "we"), a significant stockholder of Tejon Ranch Company (NYSE:TRC) ("Tejon Ranch" or the "Company") which beneficially owns approximately 1.8% of Tejon Ranch's outstanding shares, today commented on the Company's upcom
TEJON RANCH, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2024. "During the first quarter of 2024, the Company continued its strategic focus on unlocking the value of our unique land assets, including commencement of construction of our first residential community, Terra Vista at Tejon, a new multi-family apartment community located immediately adjacent to the Outlets at Tejon. The community will have 228 residences in the first phase with the first units expected to be delivered in the second quarter of 2025. T
Exposes Company's 20-year History of Negative Stockholder Returns under Leadership of Incumbent Board and Questionable Compensation Practices Believes Net Asset Value of Company Exceeds $44 per Share, Nearly 3x Today's Share Price Confident Company can Deliver Stockholder Value with the Right Leadership and Strategy Plans to Withhold Support for Compensation Committee Chair Steven A. Betts, Chairman of the Board Norman J. Metcalfe, Real Estate Committee Chair Geoffrey L. Stack and Nominating Committee Chair Michael H. Winer ENGLEWOOD CLIFFS, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- Nitor Capital Management LLC, a significant stockholder of Tejon Ranch Company (NYSE:TR
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Nitor Capital Management LLC, which beneficially owns approximately 1.75% of Tejon Ranch's outstanding shares, issued a letter to the Company's stockholders.
The partnership of Tejon Ranch Co. (NYSE:TRC) and Majestic Realty Co. today announced it has secured a lease, several months in advance of occupancy, with RectorSeal, LLC. RectorSeal is a leading manufacturer of quality HVAC/R and plumbing products distributed globally. In 2015, RectorSeal became part of CSW Industrials, Inc. (NASDAQ:CSWI), and it now plays a leading role in CSWI's Contractor Solutions segment. With the move, RectorSeal will occupy 240,000 square feet in a 480,000-square-foot industrial facility the partnership opened in 2017. This newest lease follows a series of transactions over the last 24 months at TRCC involving four building sites, comprised of more than 2.5 million s