Latest news with #TejonRanchCo
Yahoo
09-05-2025
- Business
- Yahoo
Kern County leaders sign letter supporting Tejon's Board
State legislators, County supervisors highlight critical role of Tejon Master Planned Communities for economic development and growth TEJON RANCH, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today distributed a letter to shareholders signed by Kern County leaders in support of Tejon's Board and management and opposing efforts by Bulldog Investors ('Bulldog') that would jeopardize the development of Tejon's Master Planned Communities. The letter, signed by State Senators Shannon Grove and Melissa Hurtado, State Assemblymembers Stan Ellis and Dr. Jasmeet Bains, and Kern County Supervisors Chris Parlier, Jeff Flores and Leticia Perez, emphasized both the long-standing partnership between Tejon and Kern County and the critical role Tejon's Master Planned Communities represent for long-term, sustainable growth in Kern County. 'Tejon Ranch is a crown jewel of Kern County and one of Kern's most trusted business and community partners,' said Kern County Fifth District Supervisor and 2025 Chairwoman of the Board of Supervisors Leticia Perez. 'Tejon's leadership has been part of the foundation for the building of Kern's economic success for nearly two centuries. Tejon's reliable partnership with Kern County stems from the Tejon Board's extensive historical knowledge of our region. The loss of this long term and intimate relationship between Tejon's current leadership and the people of Kern, would undermine the nearly two centuries of cooperation in our community and endanger the stability of our economy.' 'Tejon has been an engaged corporate citizen and forward-thinking partner for decades,' said Kern County Second District Supervisor Chris Parlier, whose district includes the Kern County portions of Tejon Ranch. 'Tejon's Board understands what it takes to develop large-scale Master Planned Communities in California, and they've pursued bold and innovative strategies for navigating the State's challenging regulatory environment. To a serial proxy activist, these Master Planned Communities are little more than architect's renderings and investor presentations. But to the people I represent, they are real. They are our future.' The full letter is attached. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward-Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas OrtizTejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs661-663-4212nortiz@ Media Eric Brielmann / Jed RepkoJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449 May 9, 2025 Dear Tejon Ranch Shareholders: We write you today as Kern County community and civic leaders to demonstrate our appreciation of your investment in Tejon Ranch Company and trust in the Tejon Board of Directors. We ask you to continue supporting the Tejon Board, which has long been an engaged corporate citizen in our region. We take immense pride that Tejon is headquartered in Kern County, and we are appreciative to have a partner like Tejon committed to positioning our region for long-term sustainable growth. Kern County is proud of our reputation for successfully navigating the California Environmental Quality Act, ensuring environmental protection while enabling economic growth. As a developer, Tejon has demonstrated ingenuity and thoughtfulness in its land use entitlement strategy, with Tejon Ranch Commerce Center serving as the test case that has been studied and replicated to entitle and permit renewable and traditional energy projects in Kern County and leveraged as a model across the state. We want to be clear: the success of Tejon's master planned communities is key to the future success of not only Tejon Ranch but also Kern County. With calls to liquidate Tejon's master planned communities, Bulldog's proxy contest at Tejon has become more than a corporate governance issue; it has become a public policy concern for Kern County. We cannot sit idly by while a serial proxy activist runs a campaign that could undo the decades of work Tejon has spent developing its assets, jeopardizing projects that are closely intertwined with our County's future economic growth and community development. While Bulldog pursues its adversarial campaign with no concrete plan, the Tejon Board and management team are focused on delivering value for both its shareholders and our region. We want our constituents and neighbors to understand how important Tejon's master planned communities are not only for the future of the Company, but also the future of California. We are proud to be forward thinking partners with a company like Tejon and look forward to a long and mutually rewarding future in the years and decades to come. Sincerely, The Honorable Shannon GroveSenator, 12th DistrictCalifornia State Senate The Honorable Melissa HurtadoSenator, 16th DistrictCalifornia State Senate The Honorable Stan EllisAssemblymember, 32nd DistrictCalifornia State Assembly The Honorable Chris ParlierSupervisor, Second DistrictKern County The Honorable Leticia PerezSupervisor, Fifth District2025 Chairwoman of the Board of SupervisorsKern County The Honorable Dr. Jasmeet BainsAssemblymember, 35th DistrictCalifornia State Assembly The Honorable Jeff FloresSupervisor, Third DistrictKern CountySign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Tejon: Q1 Earnings Snapshot
TEJON RANCH, Calif. (AP) — TEJON RANCH, Calif. (AP) — Tejon Ranch Co. (TRC) on Thursday reported a loss of $1.5 million in its first quarter. The Tejon Ranch, California-based company said it had a loss of 5 cents per share. The real estate development company posted revenue of $8.2 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TRC at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
22-04-2025
- Business
- Associated Press
Tejon Ranch Co. Files Investor Presentation Highlighting Strategy for Significant Long-Term Value Creation
Tejon's Board Continues to Take Decisive Strategic Steps to Drive the Company's Growth at Tejon Ranch Commerce Center and is Uniquely Positioned to Advance the Value of its Master-Planned Communities Urges Shareholders to Vote 'FOR' Only Tejon's Highly Qualified Director Nominees on the Company's WHITE Proxy Card TODAY TEJON RANCH, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), ('Tejon' or the 'Company'), a diversified real estate development and agribusiness company, today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders (the 'Annual Meeting') to be held on May 13, 2025. Highlights of the presentation include: Protect your investment in Tejon. Tejon urges shareholders to vote ONLY 'FOR' Tejon's 10 nominees on the Company's WHITE proxy card and withhold all votes from Bulldog's nominees. Your support is essential to Tejon's ability to drive long-term value for shareholders while providing vital housing and economic growth for the State of California. Vestra Advisors is serving as financial advisor to Tejon and Gibson, Dunn & Crutcher LLP is serving as the Company's legal advisor. About Tejon Ranch Co. (NYSE: TRC) Tejon Ranch Co. is a diversified real estate development and agribusiness Company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, please go to Forward Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Tejon's plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements. They reflect Tejon's expectations, are not guarantees of performance and speak only as of the date hereof. Except as required by law, Tejon does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements. Tejon's business results are subject to a variety of risks, including business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon's business results, refer to Tejon's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent filings with the U.S. Securities and Exchange Commission. Additional Information and Where to Find It Tejon has filed a definitive proxy statement on Schedule 14A and WHITE proxy card with the SEC in connection with its solicitation of proxies for its 2025 Annual Meeting of Shareholders. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY TEJON AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents and other documents Tejon files with the SEC free of charge at the SEC's website at Copies of the documents filed by Tejon are also available free of charge by accessing Tejon's website at Participants Tejon, its directors, certain of its executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by Tejon. The identity of individual participants and information about their direct and indirect interests in the solicitation is available in Tejon's definitive proxy statement filed with the SEC on April 3, 2025 under 'Supplemental Information Regarding Participants in the Solicitation' in Appendix A, which is available free of charge at the SEC's website at Contacts: Investors Nicholas Ortiz Tejon Ranch Co., Senior Vice President, Corporate Communications & Public Affairs 661-663-4212 [email protected] Media Eric Brielmann / Jed Repko Joele Frank, Wilkinson Brimmer Katcher 212-355-4449
Yahoo
10-04-2025
- Business
- Yahoo
The past three years for Tejon Ranch (NYSE:TRC) investors has not been profitable
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term Tejon Ranch Co. (NYSE:TRC) shareholders, since the share price is down 18% in the last three years, falling well short of the market return of around 24%. Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Tejon Ranch saw its EPS decline at a compound rate of 21% per year, over the last three years. This fall in the EPS is worse than the 6% compound annual share price fall. This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines. This positive sentiment is also reflected in the generous P/E ratio of 156.81. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). It might be well worthwhile taking a look at our free report on Tejon Ranch's earnings, revenue and cash flow . Tejon Ranch provided a TSR of 3.8% over the last twelve months. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 3% per year over five year. It is possible that returns will improve along with the business fundamentals. It's always interesting to track share price performance over the longer term. But to understand Tejon Ranch better, we need to consider many other factors. Even so, be aware that Tejon Ranch is showing 1 warning sign in our investment analysis , you should know about... Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Washington Post
06-03-2025
- Business
- Washington Post
Tejon: Q4 Earnings Snapshot
LEBEC, Calif. — LEBEC, Calif. — Tejon Ranch Co. (TRC) on Thursday reported net income of $4.5 million in its fourth quarter. The Lebec, California-based company said it had net income of 17 cents per share. The real estate development company posted revenue of $17.9 million in the period. For the year, the company reported profit of $2.7 million, or 10 cents per share. Revenue was reported as $41.9 million.
