Tejon Ranch Co.

NYSE:TRC Rapport sur les actions

Capitalisation boursière : US$527.4m

Tejon Ranch Résultats passés

Passé contrôle des critères 2/6

Les bénéfices de Tejon Ranch ont diminué à un taux annuel moyen de -24.8%, tandis que le secteur Real Estate a vu ses bénéfices augmenter de en baisse à 8.3% par an. Les revenus ont augmenté de en baisse à un taux moyen de 5.6% par an. Le rendement des capitaux propres de Tejon Ranch est 0.3% et ses marges nettes sont de 3.3%.

Informations clés

-24.84%

Taux de croissance des bénéfices

-25.04%

Taux de croissance du BPA

Real Estate Croissance de l'industrie27.71%
Taux de croissance des recettes-5.57%
Rendement des fonds propres0.34%
Marge nette3.32%
Dernière mise à jour des bénéfices31 Mar 2026

Mises à jour récentes des performances passées

Recent updates

Seeking Alpha • Feb 10

Tejon Ranch: A Free Option For Mixed-Use Californian Developments

Summary Tejon Ranch is in the early innings, with TRCC development and new casino traffic set to drive near-term earnings growth. Farming rebounded on strong pistachio results, while Terra Vista leases, a new casino opening, and a $2M cost savings initiative are going to boost profitability. Current EV is largely covered by TRCC's possible value and outstanding TRCC development, but upside lies in long-term projects: Grapevine, Centennial, and Mountain Village. Execution risk remains high for large-scale developments, with upside dependent on realizing value from mixed-use projects and JV partnerships. But TRC stock is like a free option on these longer-term initiatives, and the cost of capital declines could help them find partners for the initiatives. Read the full article on Seeking Alpha
Seeking Alpha • Nov 07

Land Rich, Profit Poor: Unpacking Tejon Ranch's Ambitions

Summary Tejon Ranch Co. is a high-risk stock with inconsistent financials, a sky-high P/E ratio, and ongoing legal issues, making it a 'Sell.' Despite a recent performance boost, Tejon Ranch's revenue has been declining, and large real estate projects are stalled due to environmental lawsuits. The company is heavily investing in real estate projects, but these are not yet profitable, leading to increased debt and operational losses. Investors are banking on future growth, but current earnings are minimal, and the stock's valuation suggests it's trading well above fair value. Read the full article on Seeking Alpha
Seeking Alpha • Apr 29

Tejon Ranch: Avoid The Recent Pop As The Outlook Worsens (Rating Downgrade)

Summary Tejon Ranch's earnings fell significantly in 2023 after a strong 2022. The company has lost near-term momentum, and its longer-term picture looks increasingly cloudy as well. The appointment of a new CEO may bring potential positive changes, but the structural headwinds and skepticism surrounding Tejon Ranch's development prospects remain. I don't see Tejon Ranch as an appealing inflation hedge and much prefer other land bank equities. Read the full article on Seeking Alpha
Article d’analyse • Apr 23

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Seeking Alpha • Oct 28

Tejon Ranch: Difficult Macroeconomic Backdrop Keeps Me On The Sidelines

Summary Tejon Ranch, a real estate development company, has struggled to deliver long-term shareholder value. The company's major proposed housing projects are likely still years away from development. Rising interest rates and a softening commercial real estate market further reduce the incentive to build at Tejon Ranch in the near future. I see shares as a hold and note insider buying as a positive. However, there is little in the way of catalysts that would support a near-term rally. Read the full article on Seeking Alpha
Seeking Alpha • Dec 24

Tejon Ranch: Outperformance For 2023 With Value Unlocking

Summary Market uncertainty for 2023 makes it difficult to select investments that will perform well over the year. I try to rely on investments that lean towards certainty and event driven success, and TRC does this by unlocking real estate value. Perhaps avoiding downside will be more important than seeking upside in 2023. Introduction 2023 will be an interesting year, and certainly unpredictable. While I have posted an article on the possibility for the market to end positive for the year, I also want to search for low-risk investments to preserve some capital for the year ahead. I have already discussed Central Japan Railway (OTCPK:CJPRY) as a traveler growth play for the year. I expect a low-volatility and risk 5-15% return on the investment, rather than the widely varied return that is possible for the S&P 500 (SP500). Another viable candidate of event driven stability is with Tejon Ranch Co (TRC), owners of the largest single plot of private land in California. Located in between the LA suburbs and Bakersfield. The land is in a high traffic volume region and the company has first developed a commercial center along the highway to take advantage. In fact, despite the opportunity for the company to develop over 35,000 homes across their land, approximately $28 billion in value at average California house prices, the real value over the next year relies on selling commercial plots along the highway. In fact, due to rising land prices, there remains over $100 million in direct land value that is available to be sold in the coming year. This will provide plenty of cash to the balance sheet to be reinvested in the future-facing early-stage developments at the other master developments. Combined with the reduced overhand of litigation on the progress of their housing developments, I expect the company's value to rise. At the same time, the risk for downside is limited as financial health and outlook improve. I have discussed the opportunity in far more detail in a prior article. Litigation Has Been Settled While I will discuss the developments underway, one of the key factors in unlocking value for TRC is the settlement of the various lawsuits against their developments. Over the past three years, most litigation has been settled in favor of TRC as they have made significant environmental concessions over the past 20 years. In order to continue growing and maintain positive investor sentiment, progress on future master developments is required. Now that most main lawsuits are now complete, the outlook is quite positive in this regard. As such, the company can be valued higher purely due to the future opportunity. This effect is great for the short-term expectations as well due to the fact investors are less likely to sell out despite the general market weakness. As evident by company performance so far this year, TRC is up 1.3% while the market has fallen 18%. Even the past three years show reduced drawdowns and a narrower trading range compared to the S&P 500 (for an individual holding of course). My investment thesis relies on the low-volatility and slight appreciation in value as a way to support my portfolio over the coming year. Stability now, then the unlocking of value over the decades to come. Seeking Alpha Real Estate Valuations - Commercial and Housing To maintain momentum and earn cash to use on future developments, TRC sells plots of land to developers at the commercial center along the 5 freeway. Some development expenses are taken up by TRC, and some by partners, and both parties have the potential to earn lease expenses in the future. The sales have been frequent over the past few quarters as demand for logistics facilities grow. It's no question why: the location can access over 70 million people within two days. One press release offered these insights in November, along with the earnings report: [TRC and Majestic Realty have] completed construction and secured a full-building lease of its 629,274-square-foot industrial distribution facility to an undisclosed major retailer at the Tejon Ranch Commerce Center ((TRCC)). This latest transaction follows a series of recent deals at TRCC involving four building sites, comprised of more than 2.5 million square feet of industrial development, that is currently under construction or planned for construction in 2023... Commercial/industrial real estate development segment revenues were $32.2 million for the first nine months of 2022, an increase of $19.4 million, or 152%, from $12.8 million for the first nine months of 2021. The increase was attributable to a 58-acre land sale mentioned above. Land pricing has risen 150% from $3.50 to $8.75 per square foot The 2.5 million sq feet of industrial development would account for an additional influx of $22 million at current land pricing of $8.75 per sq ft. Other developments include expanded commercial sites like three hotels/motels and the coming residential multi-family apartments. The site already has an outlet mall and travel plazas, increasing the land value through traffic and usage. Current tenants include Caterpillar (CAT), TravelCenters of America (TA), Tesla superchargers (TSLA), L'Oreal (OTCPK:LRLCY), Dollar General (DG), and IKEA. Highlights and future works are listed in the image below. TRC Press Release If prices remain the same, the available 11.75 million sq ft of space left would account for an additional $102 million in revenues over the next year or so. However, I expect only about 50% of that to occur in the next year, or around $50 million. Keep in mind that the investment in this developer is not just about sales over the next year, but the potential for up to an additional 35000 houses and 35 million sq. ft. of commercial space being sold over the next two decades or so. Any profits now will be support for those future cash flows. Tejon Ranch Investor Presentation Tejon Ranch Investor Presentation The Company will continue to aggressively pursue commercial/industrial development, multi-family development, leasing, sales, and investment within TRCC and its joint ventures. The Company will continue to invest in its residential projects, including Mountain Village at Tejon Ranch, Centennial at Tejon Ranch and Grapevine at Tejon Ranch. When all four master planned developments are fully built out, Tejon Ranch will be home to 35,278 housing units, more than 35 million square feet of commercial/industrial space and 750 lodging units. Relative Valuation It is also important to note that the company has legacy assets that still earn $30-50 million in revenues per year. Most of these are related to other parts of Tejon Ranch used for mining, water wells, oil rigs, and farms. While far more cyclical, unpredictable, and less profitable than the land sales, there is a base for investors to rely on in the case that asset sales do not occur every quarter. EBITDA margins typically range around 20-30%, meaning investors have little worry about cash not being available for operations. Tejon Ranch Co 2022 Shareholder Presentation We can also see that recent increases in land development has allowed for debt to be repaid. In fact, cash is now higher than total debt for the first time since 2018. Investors can also be confident in the prolonged periods of positive free cash flow per quarter despite investments in litigation defense, planning, and development. Dilution has also not been an issue since 2017, although if groundbreaking occurs at a master development, positive sentiment may be used to list shares again. For now, leases, legacy assets, and land sales will continue to drive positive cash flows, and any negative quarters must be assessed carefully.
Article d’analyse • Nov 11

Here's Why We Think Tejon Ranch (NYSE:TRC) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Nov 07

Tejon Ranch GAAP EPS of $0.38 beats by $0.22, revenue of $31.47M beats by $8.93M

Tejon Ranch press release (NYSE:TRC): Q3 GAAP EPS of $0.38 beats by $0.22. Revenue of $31.47M (+110.4% Y/Y) beats by $8.93M.
Seeking Alpha • Aug 03

Tejon Ranch GAAP EPS of -$0.03 misses by $0.01, revenue of $9.27M misses by $3.17M

Tejon Ranch press release (NYSE:TRC): Q2 GAAP EPS of -$0.03 misses by $0.01. Revenue of $9.27M (-44.3% Y/Y) misses by $3.17M.
Seeking Alpha • Jan 12

Tejon Ranch: Owning A Californian Mountain Range

Tejon Ranch Company is the largest contiguous private landowner in California, with a plot of land about an hour north of Los Angeles. With planned recent approvals of new commercial and residential developments along the Interstate 5 corridor, future income looks brighter than in years prior. While a long-term horizon investment, I find at current prices the company is quite a safe and unique investment.
Article d’analyse • Nov 05

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Article d’analyse • Jun 04

Is Tejon Ranch (NYSE:TRC) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Article d’analyse • Feb 16

If You Like EPS Growth Then Check Out Tejon Ranch (NYSE:TRC) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Article d’analyse • Jan 26

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Article d’analyse • Dec 29

Does Tejon Ranch's (NYSE:TRC) Statutory Profit Adequately Reflect Its Underlying Profit?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Article d’analyse • Dec 11

Here's What Tejon Ranch Co.'s (NYSE:TRC) Shareholder Ownership Structure Looks Like

If you want to know who really controls Tejon Ranch Co. ( NYSE:TRC ), then you'll have to look at the makeup of its...

Ventilation des recettes et des dépenses

Comment Tejon Ranch gagne et dépense de l'argent. Sur la base des derniers bénéfices déclarés, sur une base LTM.

Historique des gains et des recettes

NYSE:TRC Recettes, dépenses et bénéfices (USD Millions )
DateRecettesLes revenusDépenses G+ADépenses de R&D
31 Mar 26512120
31 Dec 25500140
30 Sep 25463140
30 Jun 2545-1140
31 Mar 25432130
31 Dec 24423110
30 Sep 24400120
30 Jun 24391110
31 Mar 24401100
31 Dec 23453100
30 Sep 23464100
30 Jun 236714100
31 Mar 237013100
31 Dec 227916100
30 Sep 22751790
30 Jun 22587100
31 Mar 226611100
31 Dec 21565100
30 Sep 2152290
30 Jun 2150290
31 Mar 2139-190
31 Dec 2038-190
30 Sep 20499100
30 Jun 20459100
31 Mar 20491090
31 Dec 19501190
30 Sep 1941190
30 Jun 1947590
31 Mar 1943390
31 Dec 18464100
30 Sep 18464100
30 Jun 1842190
31 Mar 18432100
31 Dec 1735-2100
30 Sep 1736-2110
30 Jun 1737-2120
31 Mar 1738-3120
31 Dec 16461120
30 Sep 16483120
30 Jun 16471120
31 Mar 16473110
31 Dec 15513120
30 Sep 15503120
30 Jun 15526120

Des revenus de qualité: TRC a des bénéfices de haute qualité.

Augmentation de la marge bénéficiaire: Les marges bénéficiaires nettes actuelles de TRC sont inférieures à celles de l'année dernière TRC. (3.3%) sont inférieures à celles de l'année dernière (5%).

Analyse des flux de trésorerie disponibles par rapport aux bénéfices

Analyse de la croissance passée des bénéfices

Tendance des revenus: TRC est devenue rentable au cours des 5 dernières années, augmentant ses bénéfices de -24.8% par an.

Accélération de la croissance: TRC a connu une croissance négative de ses bénéfices au cours de l'année écoulée, elle ne peut donc pas être comparée à sa moyenne sur 5 ans.

Bénéfices par rapport au secteur d'activité: TRC a enregistré une croissance négative de ses bénéfices ( -21% ) au cours de l'année écoulée, ce qui rend difficile la comparaison avec la moyenne du secteur Real Estate ( -0.6% ).

Rendement des fonds propres

ROE élevé: Le retour sur capitaux propres de TRC ( 0.3% ) est considéré comme faible.

Rendement des actifs

Rendement des capitaux employés

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2026/05/21 16:07
Cours de l'action en fin de journée2026/05/21 00:00
Les revenus2026/03/31
Revenus annuels2025/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Tejon Ranch Co. est couverte par 1 analystes. 1 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Marla MarinZacks Small-Cap Research