Tejon Ranch Q1 FY26 net income returns to profit at $151,000; revenue rises 16% to $10.8 million
Tejon Ranch Co.
Tejon Ranch Co. TRC | 0.00 |
- Tejon Ranch Co. swung to net income attributable to common stockholders of USD 151,000 (USD 0.01 per share) from a loss of USD 1.5 million in first-quarter 2026.
- Revenue and other income, including equity in earnings of unconsolidated joint ventures, rose 13.54% to USD 10.8 million.
- Adjusted EBITDA climbed to USD 4.8 million from USD 2.8 million.
- Mineral resources revenue increased 36% to USD 3.5 million, driven primarily by opportunistic water sales, while farming revenue fell to USD 895,000 from USD 1.6 million.
- TRCC industrial portfolio remained 100% leased, with construction starting on Building 1B to add about 510,500 square feet; management cited outlet traffic up about 22% year over year, supported by Terra Vista lease-up and Hard Rock Casino Tejon opening.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tejon Ranch Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605070855PRIMZONEFULLFEED9714969) on May 07, 2026, and is solely responsible for the information contained therein.
