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Tejon Ranch Company (TRC)
NYSE:TRC
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.05Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted clear operational improvements: quarter-over-quarter revenue and EBITDA growth, a very strong farming quarter, fully leased industrial assets, a leasing milestone and momentum at Terra Vista, improved liquidity, cost reductions, and concrete governance reforms. However, material concerns remain around a significant decline in net income (driven in part by one-time costs), weaker JV earnings driven by travel center traffic declines, modest mineral revenues, and strategic risks tied to large, capital-intensive master-planned community projects (Mountain Village and Centennial) that currently generate little or no income and create near-term ROIC and funding uncertainty. Management outlined plans to monetize assets, pursue JV equity, and push TRCC development to improve cash flow but provided limited near-term visibility on timing and magnitude of returns. Overall, positives in operations and governance are balanced by meaningful capital allocation and profitability challenges.Company Guidance
Quarterly Revenue and Adjusted EBITDA Growth
Revenues and other income increased 8% year-over-year to $23.3M (from $21.6M). Adjusted EBITDA for the quarter rose 9% to $11.4M (from $10.5M). For the fiscal year, revenue was $49.6M and adjusted EBITDA was $24.2M, both improving vs. 2024.
Strong Farming Performance
Farming revenue for the quarter was $12.2M, up 26% year-over-year (from $9.7M), driven by an on-bearing pistachio cycle. Adjusted farming EBITDA (before fixed water obligations) increased to $4.4M from $3.4M (≈+29%), and management said farming revenues were the highest in a decade.
Commercial & Industrial Leasing Strength
Industrial portfolio is fully leased and the commercial portfolio is approximately 98% leased; Outlets at Tejon at 93% occupancy at year-end. December produced the highest retail sales month since opening in 2014.
Multifamily Leasing Milestone (Terra Vista)
Company introduced a new multifamily segment: Terra Vista recognized $536K of multifamily revenue in the quarter; Phase one (228 units) completed and leasing commenced in 2025. Management reported approximately 70% leased as of the call and Greystar engaged as manager.
Liquidity and Balance Sheet Flexibility
As of 12/31/2025, cash and marketable securities totaled ~$24.9M; available capacity on revolver ~ $66.1M, providing total liquidity of approximately $91.0M to support development initiatives and operations.
Cost Reduction and Operational Discipline
Management reduced workforce by ~20% and reported multiple cost savings measures. Company targets an additional $1.0M of overhead savings by 2027 and emphasized continued operational streamlining.
Corporate Governance Reforms
Board actions include a proposal to give shareholders the right to call special meetings (25% threshold), a planned reduction in board size (10 → 9 now, aiming for 7 by May 2027), elimination of the executive committee, and increased shareholder representation.
TRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $18.25 | $18.69 | +2.41% |
Nov 06, 2025 | $15.97 | $15.74 | -1.44% |
Aug 07, 2025 | $18.41 | $17.01 | -7.60% |
May 08, 2025 | $17.16 | $16.48 | -3.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tejon Ranch Company (TRC) report earnings?
Tejon Ranch Company (TRC) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Tejon Ranch Company (TRC) earnings time?
Tejon Ranch Company (TRC) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRC EPS forecast?
Currently, no data Available