TEJON RANCH CO
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
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)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenues: | |||
| Real estate - commercial/industrial | $15,006 | $12,552 | $11,758 |
| Multifamily | 732 | — | — |
| Mineral resources | 9,636 | 10,214 | 14,524 |
| Farming | 18,738 | 13,925 | 13,950 |
| Ranch operations | 5,479 | 5,195 | 4,507 |
| Total revenues | 49,591 | 41,886 | 44,739 |
| Costs and expenses: | |||
| Real estate - commercial/industrial | 8,002 | 7,910 | 8,053 |
| Multifamily | 2,279 | — | — |
| Real estate - resort/residential | 2,277 | 2,615 | 1,528 |
| Mineral resources | 6,807 | 7,052 | 8,685 |
| Farming | 18,850 | 17,551 | 15,257 |
| Ranch operations | 5,261 | 4,864 | 5,043 |
| Corporate expenses | 14,068 | 11,092 | 9,872 |
| Total expenses | 57,544 | 51,084 | 48,438 |
| Operating loss | (7,953) | (9,198) | (3,699) |
| Other income: | |||
| Investment income | 914 | 2,273 | 2,557 |
| Other loss, net | (164) | (292) | (138) |
| Total other income, net | 750 | 1,981 | 2,419 |
| Loss from operations before equity in earnings of unconsolidated joint ventures and income tax expense | (7,203) | (7,217) | (1,280) |
| Equity in earnings of unconsolidated joint ventures, net | 8,362 | 10,881 | 6,868 |
| Income before income taxes | 1,159 | 3,664 | 5,588 |
| Income tax expense | 1,088 | 976 | 2,323 |
| Net income | 71 | 2,688 | 3,265 |
| Net loss attributable to non-controlling interest | (4) | (2) | — |
| Net income attributable to common stockholders | $75 | $2,690 | $3,265 |
| Net income per share attributable to common stockholders, basic | $— | $0.10 | $0.12 |
| Net income per share attributable to common stockholders, diluted | $— | $0.10 | $0.12 |
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