Tejon Ranch reports Q2 EPS (6c) vs. 4c last year

Reports Q2 revenue $8.3M vs. $5.7M last year. “We saw positive momentum this quarter in our adjusted EBITDA and farming revenues, reflecting our focus on disciplined execution and highlighting the strength of our diversified platform,” said Matthew H. Walker, President and Chief Executive Officer. “While our GAAP results reflect the costs of the proxy contest, those were one-time events. Our focus remains on the long-term fundamentals and driving incremental earnings growth. At the Tejon Ranch (TRC) Commerce Center, our core commercial and industrial assets continue to perform well. Terra Vista at Tejon has officially opened and is leasing in line with our targets. We are encouraged by our performance and remain committed to building shareholder value.”