Tejon

Tejon Ranch Co. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Adjustment, Sale, Water, NYSE, CEQA, Tejon Ranch, TRC, Centennial, Tejon, California State Water Project, EBITDA, SWP, State, GAAP, Engineering, GLA, Tenant, TRCC, Water resources, Table, California Department, California Department of Water Resources, Livestock, Self storage, Property management, Holding company, Real estate, Fertilizer, Video game, Bookkeeping

TEJON RANCH, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three- and nine-months ended September 30, 2023.

Key Points: 
  • TEJON RANCH, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three- and nine-months ended September 30, 2023.
  • Tejon Ranch Co. provides Adjusted EBITDA, a non-GAAP financial measure, because management believes it offers additional information for monitoring the Company's cash flow performance.
  • The Company also will continue to invest in its residential projects, including Mountain Village at Tejon Ranch, Centennial at Tejon Ranch and Grapevine at Tejon Ranch.
  • The current subjective production estimate for the 2023 California almond crop is 2.6 billion pounds which is consistent with 2022.

Tejon Ranch Co. Announces First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023
Petro, SWP, Table, Pest control, California State Water Project, Tejon Ranch, Tejon, GAAP, Tenant, Public expenditure, TRC, Engineering, Water, Centennial, GLA, Adjustment, NYSE, Livestock, Self storage, Property management, Video game, TRCC

TEJON RANCH, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2023.

Key Points: 
  • TEJON RANCH, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2023.
  • Factors affecting first quarter 2023 results include:
    Commercial/industrial real estate development segment revenues of $2.7 million for the quarter ended March 31, 2023, compared with $7.3 million for the quarter ended March 31, 2022, resulting from no land sales in the first quarter of 2023.
  • Farming revenues of $1.2 million for the quarter ended March 31, 2023, an 81% increase from $655,000 for the quarter ended March 31, 2022.
  • The Company will also continue to invest in its residential projects, including Mountain Village at Tejon Ranch, Centennial at Tejon Ranch and Grapevine at Tejon Ranch.

Forever 21 Announces Plans to Open 14 New Stores

Retrieved on: 
Tuesday, October 11, 2022
Fashion, Retail, Aurora, Omni, CA, Cape Cod Mall, The Outlet Shoppes at Laredo, Attitude, Tejon, Chicago, Drink, PR, Norfolk Premium Outlets, LA, Mayagüez Mall, Food, Grove City Premium Outlets, Ross Park Mall, List of Simon Property Group properties, Las Vegas Premium Outlets North, Digital, Warwick Mall, Retail, Online shopping, Atlanta

Today, Forever 21 announced plans to open 14 new stores across the US, starting with a new location at the Gran Plaza Outlets in Calexico, which opened this past August.

Key Points: 
  • Today, Forever 21 announced plans to open 14 new stores across the US, starting with a new location at the Gran Plaza Outlets in Calexico, which opened this past August.
  • The Calexico, CA store is the first in a series of Forever 21 openings across America scheduled through June 2023.
  • Were seeing even more consumers returning to the in-store shopping experience, says Forever 21 CEO, Winnie Park.
  • Were excited to open 14 new locations and bring Forever 21s LA style and attitude to our consumers.

Ariat to Open Two Locations at the Outlets at Tejon

Retrieved on: 
Tuesday, October 4, 2022
Fashion, Other Retail, Retail, Footwear, Specialty, Tejon Ranch, Central, Cotton, Time, Farmer, Technology, San Fernando Valley, TRC, Man, Antelope Valley, Work, Athlete, Coach, Rockefeller Center, Mitsubishi Estate, Rockefeller Group, Interstate 5, Olympian, NYSE, Tejon, Nike, Inc., Interstate Highway System, Woman, Company, Retail, Fashion, Secretariat, Ariat

Ariat International, the leader in innovative Western, Work and English footwear and apparel, will open two locations at the center this winter.

Key Points: 
  • Ariat International, the leader in innovative Western, Work and English footwear and apparel, will open two locations at the center this winter.
  • Founded in 1993, Ariat was the first company to integrate athletic footwear technology into riding boots for equestrian athletes.
  • The two Ariat locations will join the Outlets at Tejons extensive list of area-exclusive retailers including Coach, Polo Ralph Lauren, Tommy Hilfiger, Nike Factory Store and more.
  • The Outlets at Tejon is situated on 43 acres along Interstate 5 and is a part of the Tejon Ranch Commerce Center.

Tejon Ranch Co. Poised to Undertake First Residential Development on Tejon Ranch

Retrieved on: 
Monday, February 21, 2022
Aurora, GLOBE, Workforce, IKEA, Trial balance, Partnership, Camping World, TRC, Tejon Ranch, Growth, Famous Footwear, Real estate, Interstate Highway System, NYSE, Transport, Housing, Tejon, Main Street, Solution, Outlet, TRCC, Property management, Retail, Caterpillar

The project will complement the Outlets and is expected to generate additional activity at both the Outlets and throughout the entire Tejon Ranch Commerce Center.

Key Points: 
  • The project will complement the Outlets and is expected to generate additional activity at both the Outlets and throughout the entire Tejon Ranch Commerce Center.
  • The new multi-family residential community is the latest example of Tejon Ranch Co.s growth as a fully integrated real estate development and operating company.
  • The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99, approximately 40 minutes north of Santa Clarita.
  • Tejon Ranch Co. is positioned for growth with its fully operational commercial/industrial real estate development and three master planned residential communities on the horizon.

Tejon Ranch Co. Announces Second Quarter 2021 Financial Results

Retrieved on: 
Thursday, August 5, 2021
Petro, Company, TRC, Chief executive officer, U.S. Securities and Exchange Commission, Centennial, Vitis, California Division of Occupational Safety and Health, Lifting, Uncertainty, Contract, Health, Tejon, Housing, COVID-19, Water, Tejon Ranch, Sale, Travel, Map, Risk, Real estate, New York Stock Exchange, Income, TRCC, Security (finance), GLOBE, Animal, Oil, Holding company, Lithium, Pharmaceutical industry, Tutoring

TEJON RANCH, Calif., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three- and six-months ended June 30, 2021.

Key Points: 
  • TEJON RANCH, Calif., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three- and six-months ended June 30, 2021.
  • Revenues and other income, for the second quarter of 2021, including equity in earnings of unconsolidated joint ventures were $18.1 million, compared with $7.4 million for the second quarter of 2020.
  • Retail and hospitality operations within the Tejon Ranch Commerce Center (TRCC) fully reopened and operated without restrictions during the second quarter of 2021.
  • The Company will also continue to invest in its residential projects, includingMountain VillageatTejon Ranch, Centennial at Tejon Ranch and Grapevine atTejon Ranch.

New Industrial Building Under Construction at the Tejon Ranch Commerce Center

Retrieved on: 
Wednesday, July 7, 2021
Tehachapi Mountains, Mountain Communities of the Tejon Pass, Geography of California, Antelope Valley, San Joaquin Valley, Agriculture in California, Tejon Ranch, California, Tejon, Tejon Mountain Village

TEJON RANCH, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today it has commenced construction of an approximate 630,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center (TRCC) with its joint venture partner Majestic Realty Co., the nations largest privately-held industrial developer.

Key Points: 
  • TEJON RANCH, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today it has commenced construction of an approximate 630,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center (TRCC) with its joint venture partner Majestic Realty Co., the nations largest privately-held industrial developer.
  • At 629,274 square feet, the new building is the largest of the three, the other two being 480,480 and 579,040 square feet respectively.
  • Tejon and Majestic also own a fully leased 651,909 industrial building on the west side of TRCC.
  • The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99, approximately 40 minutes north of Santa Clarita.

Outlets at Tejon to Host Exclusive Media Availability Ahead of Art at OAT Event

Retrieved on: 
Wednesday, June 9, 2021
Commercial Building & Real Estate, Construction & Property, Department Stores, Arts, Museums, Other Retail, Entertainment, Home Goods, Fashion, Retail, Tehachapi Mountains, Geography of California, Mountain Communities of the Tejon Pass, San Joaquin Valley, California, Antelope Valley, Agriculture in California, Tejon Ranch, Tejon

Marketing director for the Outlets at Tejon, Becca Bland

Key Points: 
  • Marketing director for the Outlets at Tejon, Becca Bland
    Where: The Outlets at Tejon, 5701 Outlets at Tejon Pkwy, Tejon Ranch, CA 93203
    The Outlets at Tejon is a 365,000-square-foot premier shopping destination easily accessed from Los Angeles, Bakersfield, the Antelope Valley and the San Fernando Valley.
  • The Outlets at Tejon is situated on 43 acres along Interstate 5 and is a part of the Tejon Ranch Commerce Center.
  • The center has over 40 retailers, shade structures, seating areas and large plentiful restrooms to give shoppers a pleasant experience.
  • Tejon Ranch Company (NYSE: TRC) is a publicly traded diversified real estate development and agribusiness company whose primary asset is Californias historic Tejon Ranch.

Tejon Ranch Co. Announces First Quarter 2021 Financial Results

Retrieved on: 
Wednesday, May 5, 2021
Tehachapi Mountains, Mountain Communities of the Tejon Pass, Geography of California, Antelope Valley, San Joaquin Valley, Agriculture in California, Tejon Ranch, Tejon, California

b"TEJON RANCH, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2021.\nThe Company is in the process of planning, entitling and developing four master planned developments in southern California.

Key Points: 
  • b"TEJON RANCH, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2021.\nThe Company is in the process of planning, entitling and developing four master planned developments in southern California.
  • That project\xe2\x80\x99s approval was challenged by two lawsuits which collectively contained 23 separate claims.
  • Accordingly, we have entered into our fourth joint-venture agreement with Majestic Realty Co., to construct a 629,274 square foot industrial building on the east side of our Tejon Ranch Commerce Center, or TRCC.
  • For the quarter, the joint venture experienced significant declines in fuel margins resulting from higher fuel costs.

Finish Line in Sight for Efforts to Build Nearly 20,000 Homes in Los Angeles County

Retrieved on: 
Thursday, April 8, 2021
Commercial Building & Real Estate, Legal, Agriculture, Construction & Property, Natural Resources, Environment, Professional services, Residential Building & Real Estate, Mountain Communities of the Tejon Pass, Tehachapi Mountains, Geography of California, Antelope Valley, San Joaquin Valley, Agriculture in California, Tejon Ranch, Wildfire, Tejon, California

The judge rejected all claims raised by the Center for Biological Diversity and the California Native Plant Society.

Key Points: 
  • The judge rejected all claims raised by the Center for Biological Diversity and the California Native Plant Society.
  • In most of the issues related to greenhouse gasses and fire risk, including Centennials wildfire protection program, the court ruled in favor of Tejon Ranch and Los Angeles County.
  • In addition to much-needed housing, Centennial is projected to create more than 23,000 permanent jobs on site and nearly 25,000 construction jobs.
  • The concerted efforts by CBD and other extremist groups only serve to worsen Californias housing shortage and drive home costs ever higher.