Tejon Ranch
Develops industrial real estate, farms permanent crops, and holds mineral royalties across one contiguous California ranch.
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Profile
Monetizes a 270,000-acre contiguous California landholding through industrial and retail real estate, permanent-crop farming, and mineral and water royalties, while advancing master-planned residential communities through multi-decade entitlement with state and county governments.
A single 270,000-acre landholding spans the base of the Grapevine along Interstate 5 between Los Angeles and Bakersfield, the largest contiguous private parcel in California. Most of the property sits under a permanent conservation easement agreed with environmental groups in 2008, fixing the developable footprint for the rest.
Built industrial and retail space anchors current revenue, complemented by long-planned residential communities that remain in multi-decade entitlement with Kern County and Los Angeles County rather than under construction.
Permanent-crop farming — almonds, pistachios, and wine grapes — and royalties from oil, cement, aggregate, and water sales round out the revenue base, alongside grazing, hunting, and film-location leases across the ranch.
Centennial's entitlements were rescinded by the courts and vacated by Los Angeles County, and the company is pursuing re-entitlement while Grapevine and Mountain Village advance through Kern County's approval process.
Company facts
Key statistics
Year to date +3.5% · Average volume (30d) 165.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.02 | $0.10 | +400.0% | $8.6M | $14.3M | +65.0% | +0.06% |
| May 7, 2026Q1 FY26 | −$0.02 | $0.01 | +150.0% | $8.8M | $9.5M | +8.6% | −1.56% |
| Mar 19, 2026Q4 FY25 | $0.05 | $0.06 | +20.0% | $13.9M | $21.1M | +51.8% | −1.55% |
| Nov 6, 2025Q3 FY25 | $0.01 | $0.06 | +500.0% | $13.9M | $12.0M | −14.2% | +1.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $8.2M | $8.3M | $12.0M | $21.1M | $9.5M | $14.3M | |
| Gross profit | $70.0K | $845.0K | $844.0K | $4.4M | $755.0K | $3.2M | |
| Operating income | −$4.2M | −$4.1M | −$2.0M | $2.3M | −$1.1M | $348.0K | |
| Net income | −$1.5M | −$1.7M | $1.7M | $1.6M | $151.0K | $2.6M | |
| Diluted EPS | −$0.05 | −$0.06 | $0.06 | $0.06 | $0.01 | $0.10 | |
| Gross margin | 0.9% | 10.2% | 7.1% | 20.6% | 7.9% | 22.4% | |
| Operating margin | -50.7% | -48.8% | -16.9% | 10.9% | -11.9% | 2.4% |
Fiscal years (4-quarter sums)FY21 $55.6M · FY22 $79.2M · FY23 $44.7M · FY24 $41.9M · FY25 $49.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $15.1M · Total debt $95.9M · Total assets $639.5M · Shareholders' equity $477.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 27.00M · Float 24.82M · 91.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Towerview LLC | 3.85M | 14.24% | 13F | Aug 4, 2026 |
| Horizon Kinetics Asset Management LLC | 2.01M | 7.45% | 13F | Aug 11, 2026 |
| Nitor Capital Management LLC | 1.80M | 6.66% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 1.62M | 6.02% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.37M | 5.10% | 13G | Jul 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Five Point
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- Howard Hughes
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- Limoneira
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- Prologis
World's largest logistics REIT; top industrial landlord in Southern California
- Rexford Industrial
REIT owning infill industrial/logistics properties across Southern California
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tejon Ranch | $16.20 | −0.06% | $437.5M | 71.6 | — | 7.7 | +71.7% |
| Five Point | $5.11 | −0.10% | $363.3M | 14.7 | — | 3.1 | +86.0% |
| Howard Hughes | $64.80 | −0.06% | $3.86B | 13.1 | 19.9 | 1.6 | +330.2% |
| Limoneira | $13.78 | −0.18% | $249.9M | — | 71.4 | 1.9 | −31.9% |
| Prologis | $140.35 | −0.29% | $131.32B | 31.3 | 40.4 | 14.3 | −0.3% |
| Rexford Industrial | $37.00 | −0.39% | $8.49B | — | 33.1 | 8.6 | −2.6% |
| Median | 14.7 | 36.7 | 3.1 | −0.3% |