v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 3,870 $ 9,524
Marketable securities - available-for-sale 11,187 15,370
Accounts receivable 2,638 9,389
Inventories 9,391 3,347
Prepaid expenses and other current assets 4,629 1,632
Total current assets 31,715 39,262
Real estate and improvements - held for lease, net 78,247 79,177
Real estate development (includes $$130,824 at June 30, 2026 and $128,549 at December 31, 2025, attributable to CFL (Note 14)) 360,470 356,567
Property and equipment, net 60,372 59,311
Investments in unconsolidated joint ventures 39,267 29,986
Net investment in water assets 66,790 62,593
Other assets 2,677 3,573
TOTAL ASSETS 639,538 630,469
Current Liabilities:    
Trade accounts payable 5,648 5,240
Accrued liabilities and other 2,335 2,188
Deferred income 2,878 2,062
Total current liabilities 10,861 9,490
Revolving line of credit 95,942 93,942
Long-term deferred gains 13,934 10,935
Deferred tax liability 9,834 9,849
Other liabilities 16,054 15,697
Total liabilities 146,625 139,913
Commitments and contingencies (Note 11)
Tejon Ranch Co. stockholders’ equity    
Common stock, $0.50 par value per share: Authorized shares - 50,000,000 Issued and outstanding shares - 27,004,897 at June 30, 2026 and 26,916,837 at December 31, 2025 13,504 13,460
Additional paid-in capital 349,805 350,242
Accumulated other comprehensive loss (211) (177)
Retained earnings 114,459 111,673
Total Tejon Ranch Co. stockholders’ equity 477,557 475,198
Non-controlling interest 15,356 15,358
Total equity 492,913 490,556
TOTAL LIABILITIES AND EQUITY $ 639,538 $ 630,469