Exposes Company’s 20-year History of Negative Stockholder Returns under Leadership of Incumbent Board and Questionable Compensation Practices Believes Net Asset Value of Company Exceeds $44 per Share, Nearly 3x Today’s Share Price Confident Company can Deliver Stockholder Value with the Right Leadership and Strategy Plans to Withhold Support for Compensation Committee Chair Steven A. Betts, Chairman of the Board Norman J. Metcalfe, Real Estate Committee Chair Geoffrey L. Stack and Nominating Com

TEJON RANCH, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC-NYSE). Today, Mr. Gregory Bielli, President, and Chief Executive Officer (CEO) of Tejon Ranch Co., announced his intent to retire on December 31, 2024. Mr. Bielli has been President and CEO of Tejon Ranch Co. for over 10 years, since 2013. Mr. Bielli joined the company to create an integrated real estate company that now includes planning, entitlements, construction, sales and leasing of all classes of real estate asset

By M. Marin NYSE:TRC READ THE FULL TRC RESEARCH REPORT Income-producing units, new credit facility - resources to move development plans ahead … Tejon Ranch Company (NYSE:TRC) reported year-end 2023 results last week and provided an overview of recent milestones. While the company continues to move forward on its development plans, it also continues to generate revenue from the income-producing

Key Insights Tejon Ranch's estimated fair value is US$16.50 based on 2 Stage Free Cash Flow to Equity Current share...

TEJON RANCH, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the fourth quarter and year-ended December 31, 2023. "In 2023, we established an important foundation for future growth with the closing of a new $160 million unsecured revolving credit facility with AgWest Farm Credit, based on the Company's deep agricultural heritage and ongoing ranching and fa

TEJON RANCH, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) announced today the hiring of Chris Wilson as Vice President of Real Estate. Wilson will oversee the construction, lease-up and operations of the Terra Vista at Tejon apartment community. He brings over 23 years of experience in construction management and senior project management including the successful delivery of several quality multifamily projects in California. Wilson also brings strong experience in comme

Key Insights Significantly high institutional ownership implies Tejon Ranch's stock price is sensitive to their trading...

By M. Marin NYSE:TRC READ THE FULL TRC RESEARCH REPORT TRCC key location for north / south commercial traffic, business-friendly environment… We recently met with the CFO of Tejon Ranch Company (NYSE:TRC) and present positive takeaways in this update. Reflecting its attractive location, FTZ-designation and other factors, the Tejon Ranch Commerce Center (TRCC) is seeing strong demand from

The Tejon Ranch Commerce Center continues its rapid growth as construction begins on a new distribution facility for the world’s largest food and beverage companyTEJON RANCH, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that construction is underway on a new distribution center for Nestlé USA, Inc., (Nestlé) the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700,000 square feet

TEJON RANCH, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) announced today it is taking the next step in its evolution as a real estate development company by moving forward with the development of residential communities on the Ranch, providing much-needed new housing for the region. The Company will begin construction to start the new year on Terra Vista at Tejon, a new multi-family apartment community located immediately adjacent to the Outlets at Tejon in the Company’