Tejon Ranch 배당 및 자사주 매입
배당 기준 점검 0/6
Tejon Ranch 배당금을 지급한 기록이 없습니다.
핵심 정보
n/a
배당 수익률
0.2%
자사주 매입 수익률
| 총 주주 수익률 | 0.2% |
| 미래 배당 수익률 | n/a |
| 배당 성장률 | n/a |
| 다음 배당 지급일 | n/a |
| 배당락일 | n/a |
| 주당 배당금 | n/a |
| 배당 성향 | n/a |
최근 배당 및 자사주 매입 업데이트
업데이트 없음
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 AlphaSeeking 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 AlphaSeeking 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 Alpha분석 기사 • 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 AlphaSeeking 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...지급의 안정성과 성장
배당 데이터 가져오는 중
안정적인 배당: 과거에 TRC 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.
배당금 증가: TRC 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.
배당 수익률 vs 시장
| Tejon Ranch 배당 수익률 vs 시장 |
|---|
| 구분 | 배당 수익률 |
|---|---|
| 회사 (TRC) | n/a |
| 시장 하위 25% (US) | 1.4% |
| 시장 상위 25% (US) | 4.2% |
| 업계 평균 (Real Estate) | 2.2% |
| 분석가 예측 (TRC) (최대 3년) | n/a |
주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 TRC 의 배당 수익률을 평가할 수 없습니다.
고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 TRC 의 배당 수익률을 평가할 수 없습니다.
주주 대상 이익 배당
수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 TRC 의 지급 비율을 계산하기에는 데이터가 부족합니다.
주주 현금 배당
현금 흐름 범위: TRC 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.
높은 배당을 제공하는 우량 기업 찾기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/22 11:52 |
| 종가 | 2026/05/22 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
Tejon Ranch Co.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Marla Marin | Zacks Small-Cap Research |