Tejon Ranch (TRC)
Develops industrial real estate, farms permanent crops, and holds mineral royalties across one contiguous California ranch.
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Monetizes a 270,000-acre contiguous California landholding through industrial and retail real estate, permanent-crop farming, and mineral and water royalties, while advancing master-planned residential communities through multi-decade entitlement with state and county governments.
A single 270,000-acre landholding spans the base of the Grapevine along Interstate 5 between Los Angeles and Bakersfield, the largest contiguous private parcel in California. Most of the property sits under a permanent conservation easement agreed with environmental groups in 2008, fixing the developable footprint for the rest.
Built industrial and retail space anchors current revenue, complemented by long-planned residential communities that remain in multi-decade entitlement with Kern County and Los Angeles County rather than under construction.
Permanent-crop farming — almonds, pistachios, and wine grapes — and royalties from oil, cement, aggregate, and water sales round out the revenue base, alongside grazing, hunting, and film-location leases across the ranch.
Centennial's entitlements were rescinded by the courts and vacated by Los Angeles County, and the company is pursuing re-entitlement while Grapevine and Mountain Village advance through Kern County's approval process.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $15.1M · Total debt $95.9M · Total assets $639.5M · Shareholders' equity $477.6M
- Revenue
- $14.3M
- Operating income
- $348.0K
- Net income
- $2.6M
No dividends on record.
| Institutions | 79.29% | 21.41M shares | |
|---|---|---|---|
| 128 holders · as of Jun 30, 2026 | |||
| Insiders | 5.32% | 1.44M shares | |
| 18 holders · as of Jul 28, 2026 | |||
| Other | 15.39% | 4.16M shares | |
| remainder | |||
27.00M company shares as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Towerview LLCInstitution | 14.24% | 3.85M | as of Jun 30, 2026 |
Horizon Kinetics Asset Management LLCInstitution | 7.45% | 2.01M | as of Jun 30, 2026 |
Nitor Capital Management LLCInstitution | 6.66% | 1.80M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.02% | 1.62M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.07% | 1.37M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tejon Ranch | $16.38 | +0.99% | $438.0M | 71.7 | — | 7.7 | +71.7% |
| Five Point | $4.91 | −0.30% | $349.8M | 14.1 | — | 3.0 | +157.8% |
| Howard Hughes | $66.14 | +0.82% | $3.91B | 13.3 | 20.9 | 1.6 | +330.2% |
| Limoneira | $12.69 | +0.67% | $228.5M | — | 45.3 | 1.8 | −7.7% |
| Prologis | $135.64 | −0.13% | $126.78B | 30.3 | 39.2 | 13.8 | +7.5% |
| Rexford Industrial | $38.57 | −0.40% | $8.85B | — | 34.1 | 9.0 | +0.6% |
| Median | 14.1 | 36.6 | 3.0 | +7.5% |