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

+ Watch View on EDGAR ↗

$520M

Market cap

$18.70

Last close

-1.1%

-0.8%

105K

Volume

Price · last 40 sessions-5.9%

May 4L $18.46 · H $20.48Jun 30

207

Total filings

May 15, 2026

Last filing

12/31

Fiscal year end

All 8-K · 105 10-Q · 40 DEFA14A · 23 10-K · 14 DEF 14A · 13 SC 13G · 6 424B5 · 3 10-K/A · 2

DEF 14ADEF 14AApr 3, 2026 DEF 14ADEF 14AMar 28, 2024 DEF 14ADEF 14AMar 29, 2023 DEF 14ADEF 14AMar 28, 2022 DEF 14ADEF 14AApr 2, 2021 DEF 14A

Similar companies

Comparable business profile · signals at a glance

TCITRANSCONTINENTAL REALTY INVESTORS INC$358.3M-3.2%TPLTexas Pacific Land Corp🔥$26.1B+4.2%LBLandBridge Co LLC$1.9B+13.4%TRNOTerreno Realty Corp$7.1B-1.5%HHHHoward Hughes Holdings Inc.

What Changed

Risk factors · Mar 6, 2025 → Mar 19, 2026

30 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.