Quarterly ResultAug 6, 2026, 08:04 AM
Tejon Ranch Q2 Net Income $2.6M; Revenue $17.4M; Adj. EBITDA $8.4M
AI Summary
Tejon Ranch Co. announced strong second quarter 2026 financial results, reporting a net income of $2.6 million, a significant improvement from a loss in the prior year. The company saw a substantial increase in revenues and Adjusted EBITDA, driven by a land sale and disciplined cost management. Operational highlights include high occupancy rates in its real estate portfolios and the commencement of new industrial construction.
Key Highlights
- Net income attributable to common stockholders was $2.6 million ($0.10/share), up from a $1.7 million loss.
- Revenues and other income increased by $6.3 million to $17.4 million.
- Adjusted EBITDA rose 47% to $8.4 million, compared to $5.7 million in Q2 2025.
- Commercial/Industrial Real Estate revenues grew $4.6 million to $9.7 million, driven by a $6.9 million land sale.
- TRCC industrial portfolio remains 100% leased (2.8 million sq ft GLA).
- Mineral resources segment revenues increased 20% to $1.8 million.
- Construction commenced on Building 1B at TRCC, adding 510,500 sq ft of industrial space.
- Total liquidity was $79.2 million, including $15.1 million in cash and securities.
Price Impact
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