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TRCNYSE
TEJON RANCH CO
Real Estate · DE · CIK 96869
Develops, leases, and sells land and real estate, including commercial, industrial, and residential properties, alongside farming and mineral activities
$520M
Market cap
$18.91
Last close
+0.3%
1D
+2.4%
5D
145K
Volume
Price · last 39 sessions-4.9%
May 4L $18.46 · H $20.48Jun 29
207
Total filings
May 15, 2026
Last filing
12/31
Fiscal year end
8-KShareholder VoteMay 15, 202610-Q10-QMay 11, 20268-KResults of OperationsMay 7, 20268-KReg FD DisclosureApr 30, 2026DEFA14ADEFA14AApr 3, 2026DEF 14ADEF 14AApr 3, 202610-K10-KMar 19, 20268-KResults of OperationsMar 19, 20268-KCompany UpdateMar 19, 20268-KExecutive Change · Company UpdateMar 10, 20268-KReg FD DisclosureMar 5, 20268-KBylaw AmendmentDec 15, 20258-KReg FD DisclosureNov 14, 20258-KReg FD DisclosureNov 13, 202510-Q10-QNov 6, 20258-KResults of OperationsNov 6, 20258-KReg FD DisclosureOct 22, 20258-KExecutive ChangeOct 16, 202510-Q10-QAug 7, 20258-KExecutive ChangeJul 17, 20258-KExecutive ChangeJul 11, 20258-KShareholder VoteMay 19, 2025DEFA14ADEFA14AMay 12, 2025DEFA14ADEFA14AMay 9, 202510-Q10-QMay 8, 2025DEFA14ADEFA14AMay 8, 2025DEFA14ADEFA14AMay 7, 2025DEFA14ADEFA14AMay 6, 2025DEFA14ADEFA14AMay 5, 2025DEFA14ADEFA14AMay 5, 2025DEFA14ADEFA14AMay 5, 2025DEFA14ADEFA14AMay 5, 2025DEFA14ADEFA14AMay 5, 2025DEFA14ADEFA14AMay 1, 2025DEFA14ADEFA14AMay 1, 2025DEFA14ADEFA14AApr 28, 2025DEFA14ADEFA14AApr 22, 2025DEFA14ADEFA14AApr 22, 2025DEFA14ADEFA14AApr 21, 2025DEFA14ADEFA14AApr 3, 20258-KExecutive ChangeMar 17, 202510-K10-KMar 6, 20258-KExecutive Change · Company UpdateFeb 11, 20258-KExecutive ChangeDec 18, 20248-KExecutive ChangeDec 12, 20248-KMaterial AgreementNov 8, 202410-Q10-QNov 7, 20248-KExecutive ChangeNov 5, 20248-KExecutive ChangeNov 4, 202410-Q10-QAug 6, 20248-KShareholder VoteMay 16, 202410-Q10-QMay 7, 2024DEFA14ADEFA14AMar 28, 2024DEF 14ADEF 14AMar 28, 20248-KExecutive Change · Company UpdateMar 26, 202410-K10-KMar 6, 20248-KMaterial Agreement · New Debt / ObligationNov 20, 202310-Q10-QNov 7, 202310-Q10-QAug 3, 20238-KExecutive ChangeJun 22, 20238-KShareholder VoteMay 12, 20238-KExecutive ChangeMay 5, 202310-Q10-QMay 4, 2023DEFA14ADEFA14AMar 29, 2023DEF 14ADEF 14AMar 29, 20238-KExecutive ChangeMar 24, 20238-KBylaw AmendmentMar 24, 202310-K10-KMar 8, 202310-Q10-QNov 7, 202210-Q10-QAug 3, 20228-KShareholder VoteMay 12, 202210-Q10-QMay 9, 20228-KExecutive ChangeApr 7, 2022DEFA14ADEFA14AMar 28, 2022DEF 14ADEF 14AMar 28, 20228-KExecutive ChangeMar 22, 202210-K10-KMar 3, 20228-KMaterial Agreement · Reg FD DisclosureDec 1, 202110-Q10-QNov 4, 20218-KExecutive Change · Bylaw AmendmentSep 24, 2021
What Changed
Risk factors · Mar 6, 2025 → Mar 19, 202630 added · 6 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- Terra Vista at Tejon, our 228-unit multifamily community completed in 2025, is currently in its initial lease-up phase and has not yet reached stabilized occupancy.
- Therefore, it is difficult for us to accurately predict revenue, just as we cannot pass on cost increases caused by general inflation, except to the extent reflected in market conditions and commodity prices. 34 Inflation can adversely impact our real estate operations, by increasing costs of material and labor, as well as the cost of capital, which can impact operating margins.
- If a property manager fails to effectively market and lease available units, maintain properties in a timely and cost-effective manner, comply with applicable laws and regulations, or provide satisfactory resident services, the performance of the applicable property may be adversely affected.
- In addition, because we do not directly control all on-site personnel and operational decisions, we may experience delays in identifying and correcting operational or leasing issues, which could result in lower occupancy, increased concessions, higher operating expenses, reduced rent collections, or reputational harm.
- In addition, the perceived or actual uncertainty associated with shareholder activism may create instability within the Company, disrupt our strategic initiatives, and adversely affect our relationships with strategic partners, employees and other stakeholders.
- If adequate insurance coverage becomes unavailable or cost-prohibitive for the Company, our tenants or future homeowners within our developments, we may experience delays in development timing, reduced transaction activity, or increased operating costs.
- As a result, our ability to maintain occupancy levels, achieve targeted rental rates, control operating expenses, and provide a satisfactory resident experience depends in part on the performance of these third-party managers.
- If a property manager underperforms or fails to meet our expectations, we may be required to replace such manager, which could result in operational disruption, transition costs, and temporary declines in property performance.
- Demand for rental housing in the greater Bakersfield submarkets may be affected by local employment conditions, competing supply, affordability of homeownership, broader economic conditions, and insurance costs in California.
- The factors that affect our ability to generate cash can also affect our ability to raise additional funds for these purposes through the addition of debt, the sale of equity, refinancing existing debt, or the sale of assets.
- If lease-up occurs more slowly than expected, if rental rates are lower than projected, or if concessions are required to attract tenants, the project’s operating results and cash flows could be adversely affected.
- We may become subject to shareholder activism, proxy contests or other campaigns by investors seeking to influence our strategic direction, capital allocation, governance practices or board composition.
No longer disclosed
- The factors that affect our ability to generate cash can also affect our ability to raise additional funds for these purposes through the addition of debt, the sale of equity, refinancing existing debt, or the sale of assets. 33 Our revolving credit facility requires compliance with three financial covenants: (a) total liabilities divided by tangible net worth not greater than 0.55 to 1.00 at each year end;
- Therefore, it is difficult for us to accurately predict revenue, just as we cannot pass on cost increases caused by general inflation, except to the extent reflected in market conditions and commodity prices.
- Inflation can adversely impact our real estate operations, by increasing costs of material and labor, as well as the cost of capital, which can impact operating margins.
- Higher interest rates and lack of available financing can have significant impacts on the real estate industry.
- MARKET RISKS Market risk relates to the functioning of the New York Stock Exchange.
- Intense competition may decrease our sales and harm our results of operations.
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