TEJON RANCH (TRC)
Real Estate · Mixed-use real estate development / Industrial parks and multifamily · NYSE
Tejon Ranch is a large-scale California land developer anchored by the fully-leased Tejon Ranch Commerce Center industrial park, with long-term residential entitlements and diversified agricultural/mineral operations across 270,000 acres.
What TEJON RANCH does
Tejon Ranch is a diversified real estate development company anchored by the Tejon Ranch Commerce Center (TRCC), a 20 million-square-foot commercial and industrial development along Interstate 5. The company operates across six segments including commercial/industrial real estate leasing at TRCC, multifamily residential development (Terra Vista at Tejon), mineral resources, farming, and ranching activities across approximately 270,000 acres of contiguous California landholdings. The company also holds long-term entitlements for large-scale master-planned residential communities representing over 35,000 housing units.
Themes: ["Commercial real estate / industrial parks","Multifamily residential development","Master-planned communities","Land entitlements and real estate development","Mineral resources / mining","Agricultural operations"]
Fundamentals
- Price$18.29 as of 2026-07-09 close
- Market cap$494M as of 2026-07-10
- 1-year return+2.1% as of 2026-07-09 close
- P/E292.01 as of 2026-07-10
- Net margin+3.3% as of 2026-07-10
- Gross margin+13.4% as of 2026-07-10
- ROE+0.4% as of 2026-07-10
- Debt / equity0.20 as of 2026-07-10
- Revenue growth (YoY)+19.2% as of 2026-07-10
- Revenue CAGR (3y)-14.5% SEC XBRL
- Beta0.58 as of 2026-07-10
Key risks (from latest filing)
["Land entitlement litigation: Centennial project approvals were challenged in Los Angeles County Superior Court; a 2022 decision rescinded certain approvals, creating uncertainty around residential development timeline and returns","Capital intensity and market cyclicality: Real estate development projects require substantial upfront capital with returns dependent on market conditions, interest rates, and tenant/buyer demand; Terra Vista lease-up is ongoing and subject to market absorption rates","Land concentration and leverage: Approximately 270,000 acres represent a concentrated asset base; the company has a $95.4 million revolving credit line and relies on capital allocation decisions that could constrain future development if market conditions deteriorate"]
Competitors & peers
- Prologis (PLD)
- Industrial Logistics Properties Trust (ILPT)
- Monmouth Real Estate Investment Corporation
- Duke Realty (DRE)
- EastGroup Properties (EGP)
- Tricon Residential (TCN)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.