Tejon Ranch Co. (Tejon), incorporated on March 20, 1987, is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. The Company's operations consist of land planning and entitlement, land development, commercial sales and leasing, leasing of land for mineral royalties, water asset management and sales, grazing leases, income portfolio management, farming and ranch operations. It is also engaged in commercial sales and leasing at its operational commercial/industrial center, Tejon Ranch Commerce Center (TRCC).
Real Estate-Commercial/Industrial
The Company's real estate operations consist of activities, which include real estate development, commercial sales and leasing, land planning and entitlement, income portfolio management and conservation. Its real estate activities within its commercial/industrial segment include entitling, planning and permitting of land for development; construction of infrastructure; the construction of pre-leased buildings; the construction of buildings to be leased or sold, and the sale of land to third parties for their own development. The commercial/industrial segment also includes activities related to communications leases and landscape maintenance fees. Its real estate operations within its resort/residential segment include costs for land entitlement, land planning and pre-construction engineering, and land stewardship and conservation activities. Within its commercial/industrial segment, it leases land to various types of tenants.
As of December 31, 2016, the Company leased land to two auto service stations with convenience stores, over 13 fast-food operations, two full-service restaurants, over one motel, an antique shop, and a United States Postal Service facility. In addition, the Company leases various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes, and 32 acres of land to Pastoria Energy Facility, L.L.C. (PEF), for an electric power plant. In addition, the Company leases various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; approximately 30 acres of land to PEF for an electric power plant, and one office building in Rancho Santa Fe, California.
Real Estate-Resort/Residential
The Company's Resort/Residential Real Estate Development segment activities include land entitlement, land planning and pre-construction engineering and land stewardship and conservation activities. It has approximately three resort/residential communities within this segment: MV, Centennial and Grapevine.
Mineral Resources
The Company's Mineral Resources segment consist of oil and gas royalties, rock and aggregate royalties, royalties from a cement operation leased to National Cement. It also consists of management of water assets and water infrastructure.
Farming Operations
The Farming Operations segment is engaged in the sale of wine grapes and almonds. It is also engaged in the sale of pistachios and hay.
Ranch Operations
The Company's Ranch Operations segment consists of game management revenues and ancillary land uses, such as grazing leases and filming. Within game management, it operates its High Desert Hunt Club, an upland bird hunting club. The High Desert Hunt Club offers over 6,400 acres and 30 hunting fields. The hunting season runs from mid-October through March. It sells individual hunting packages, as well as memberships. Ranch operations also includes Hunt at Tejon, which offers a range of guided big game hunts, including trophy Rocky Mountain elk, deer, turkey and wild pig. It offers guided hunts and memberships for both the Spring and Fall hunting seasons.
4436 Lebec Rd
The company trades on NYSE exchange. The company headquarter is located in California, CA. The company was established in the 1843.| Ticker | TRC |
| Long Name | Tejon Ranch Co |
| Short Name | Tejon Ranch Co |