Stock Report: Tejon Ranch Co. (TRC) Report Updated: May 20, 2013 | Print This Page

Tejon Ranch Co., together with its subsidiaries, engages in the real estate development and agribusiness activities in the United States. The company operates in three segments: Commercial/Industrial Real Estate Development and Services, Resort/Residential Real Estate Development, and Farming. The Commercial/Industrial Real Estate Development and Services segment is involved in entitling, planning, and permitting land for development; the construction of infrastructure, pre-leased buildings, and buildings to be leased or sold; and the sale of land to third parties. This segment leases land to auto service stations with convenience stores, fast-food operations, full-service restaurants, motel, antique shop, and the United States Postal Service facility; microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; 32 acres of land for an electric power plant; office building; and portions of land to oil companies for the exploration and production of oil and gas, as well as for grazing and communications. It also offers landscape maintenance and game management services. The Resort/Residential Real Estate Development segment engages in the land entitlement, land planning and pre-construction engineering, and land stewardship activities. The Farming segment farms various permanent crops, including wine grapes in 1,640 acres; almonds in 1,520 acres; and pistachios in 1,055 acres. This segment also manages farming of alfalfa and forage mix on 775 acres in the Antelope Valley; and leases 750 acres of land for growing vegetables. The company was founded in 1936 and is based in Lebec, California.