Quarterly ResultAug 6, 2026, 02:16 PM
Tejon Ranch Q2 Net Income $2.64M; Revenue Up 71.6% to $14.26M
AI Summary
Tejon Ranch Co. reported a net income of $2.64 million for Q2 2026, a significant improvement from a net loss of $1.71 million in Q2 2025. Total revenues surged by 71.6% to $14.26 million, driven by strong performance in commercial/industrial real estate and multifamily segments. Year-to-date, the company also achieved a net income of $2.79 million and positive operating cash flow of $4.61 million.
Key Highlights
- Q2 2026 net income attributable to common stockholders was $2.64 million, up from a $1.71 million loss in Q2 2025.
- Q2 2026 total revenues increased 71.6% to $14.26 million from $8.31 million in Q2 2025.
- Real estate commercial/industrial revenue grew to $9.66 million in Q2 2026 from $5.09 million in Q2 2025.
- Multifamily revenue significantly increased to $0.86 million in Q2 2026 from $0.02 million in Q2 2025.
- Year-to-date net income was $2.79 million, compared to a $3.18 million loss in the prior year period.
- Net cash provided by operating activities was $4.61 million for YTD Q2 2026, reversing a $1.73 million use in YTD Q2 2025.
- Revolving line of credit balance increased to $95.94 million as of June 30, 2026.
- Contributed land valued at $9.9 million to an unconsolidated joint venture, recognizing $2.0 million profit.
Price Impact
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