TEJON RANCH CO
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
TRC$17.55-1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations - Years Ended and
CONSOLIDATED STATEMENTS OF OPERATIONS
($ in thousands, except per share amounts)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues: | |||
| Real estate - commercial/industrial | $12,552 | $11,758 | $40,515 |
| Mineral resources | 10,214 | 14,524 | 21,595 |
| Farming | 13,925 | 13,950 | 13,001 |
| Ranch operations | 5,195 | 4,507 | 4,106 |
| Total revenues | 41,886 | 44,739 | 79,217 |
| Costs and expenses: | |||
| Real estate - commercial/industrial | 7,910 | 8,053 | 16,356 |
| Real estate - resort/residential | 2,615 | 1,528 | 1,629 |
| Mineral resources | 7,052 | 8,685 | 12,969 |
| Farming | 17,551 | 15,257 | 19,811 |
| Ranch operations | 4,864 | 5,043 | 5,024 |
| Corporate expenses | 11,092 | 9,872 | 9,699 |
| Total expenses | 51,084 | 48,438 | 65,488 |
| Operating (loss) income | (9,198) | (3,699) | 13,729 |
| Other income: | |||
| Investment income | 2,273 | 2,557 | 634 |
| Other (loss) income, net | (292) | (138) | 1,088 |
| Total other income, net | 1,981 | 2,419 | 1,722 |
| (Loss) income from operations before equity in earnings of unconsolidated joint ventures and income tax expense | (7,217) | (1,280) | 15,451 |
| Equity in earnings of unconsolidated joint ventures, net | 10,881 | 6,868 | 7,752 |
| Income before income taxes | 3,664 | 5,588 | 23,203 |
| Income tax expense | 976 | 2,323 | 7,393 |
| Net income | 2,688 | 3,265 | 15,810 |
| Net (loss) income attributable to non-controlling interest | (2) | — | 2 |
| Net income attributable to common stockholders | $2,690 | $3,265 | $15,808 |
| Net income per share attributable to common stockholders, basic | $0.10 | $0.12 | $0.60 |
| Net income per share attributable to common stockholders, diluted | $0.10 | $0.12 | $0.59 |
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