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Tejon Ranch Co. - TRC STOCK NEWS

Welcome to our dedicated news page for Tejon Ranch Co. (Ticker: TRC), a resource for investors and traders seeking the latest updates and insights on Tejon Ranch Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tejon Ranch Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tejon Ranch Co.'s position in the market.

News
Tejon Ranch President and CEO Announces Retirement Date
Rhea-AI Summary
Tejon Ranch Co. CEO Gregory Bielli announces retirement after over 10 years of successful leadership. The company has achieved significant milestones under his guidance, including obtaining new land use entitlements, overseeing sales and development, expanding water resources, and maintaining a strong financial position. Bielli will retain his Board seat and serve as a senior advisor post-retirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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News
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2023 Financial Results
Rhea-AI Summary
Tejon Ranch Co. announced financial results for Q4 and year-ended December 31, 2023, highlighting a new $160 million credit facility, completion of a 446,000 sq ft industrial building, and the start of construction on a multi-family residential development. The company reported GAAP net income of $1.6 million for Q4 2023, with revenues of $18.8 million. Adjusted EBITDA was $4.8 million, down from $7.2 million in Q4 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
earnings
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News
Veteran Real Estate Professional to Head Tejon Ranch’s First Residential Multi-Family Community, Terra Vista at Tejon
Rhea-AI Summary
Tejon Ranch Co. (TRC: NYSE) appoints Chris Wilson as Vice President of Real Estate to oversee the construction of Terra Vista at Tejon, the company's first residential development. Wilson brings extensive experience in construction management, multifamily projects, and commercial development, marking a significant step towards a fully integrated real estate organization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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none
News
Nestlé Joins Growing List of National and Multinational Companies Operating at the Tejon Ranch Commerce Center
Rhea-AI Summary
Tejon Ranch Co. announced the construction of a new distribution center for Nestlé USA, Inc., the world’s largest food and beverage company. The 700,000 square feet multi-story building will be located on a 58-acre parcel of land on the east side of Tejon Ranch Commerce Center. Nestlé's new facility will serve its ambient portfolio and is expected to be completed by 2025. The decision to operate from the Tejon Ranch Commerce Center confirms its status as an established world-class commercial/industrial center.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
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News
Tejon Ranch Company to Start Construction on Its First Residential Multi-Family Community, Terra Vista at Tejon
Rhea-AI Summary
Tejon Ranch Co. (TRC: NYSE) announced the development of Terra Vista at Tejon, a new multi-family apartment community at Tejon Ranch Commerce Center. The 228-unit first phase will consist of studio, one, and two-bedroom apartment homes, with up to 495 units in total. The development marks the company's transition to a mixed-use master-planned community, with plans for over 35,000 homes in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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none
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News
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announces New Lease and Tenant at the Tejon Ranch Commerce Center (TRCC)
Rhea-AI Summary
RectorSeal, LLC (NASDAQ: CSWI) relocates to TRCCTEJON RANCH, reflecting the value of the strategic location, near the population and geographic center of California, to logistics operators. The move to occupy 240,000 square feet in a 480,000-square-foot industrial facility at TRCC is a positive development for the company and its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
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none
News
Tejon Ranch Co. Secures Significant New Unsecured Revolving Credit Facility
Rhea-AI Summary
Tejon Ranch Co. (NYSE: TRC) secures a new $160 million unsecured revolving credit facility with AgWest Farm Credit, replacing its existing secured line of credit with Bank of America. The financing will be used for construction projects, farming and ranching operations, and general corporate purposes, providing a significant source of capital for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
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none
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News
Tejon Ranch Co. Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Tejon Ranch Co. announced financial results for the three- and nine-months ended September 30, 2023, with a net loss attributable to common stockholders for the third quarter of 2023. This was primarily due to a decrease in operating profit in the commercial/industrial segment, offset by an improvement in the farming segment's operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
earnings
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News
Tejon Ranch Co. Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
earnings
News
Tejon Ranch Co. Names New General Counsel
Rhea-AI Summary
Tejon Ranch Co. (NYSE: TRC) has announced the reappointment of Michael R.W. Houston as Senior Vice President, General Counsel, and Corporate Secretary. Houston previously held these positions at the company for almost five years. He will rejoin the company on August 21, 2023. Houston has extensive experience in corporate governance, municipal/public agency law, real estate and economic development, land use, and environmental issues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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none
Stock TRC logo
Tejon Ranch Co.

NYSE:TRC

TRC Rankings

#3043 Ranked by Market Cap
#2638 Ranked by Stock Gains
N/A Ranked by Dividends

TRC Stock Data

407.33M
20.84M
8.33%
61.37%
0.61%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
US
Lebec

About TRC

at nearly 270,000 acres, the historic tejon ranch is the largest contiguous expanse of private land in california. its 422 square miles make it about as large as the city of los angeles and about 40% the size of rhode island. the property is located along interstate 5, approximately 60 miles north of los angeles and 30 miles south of bakersfield. tejon ranch was founded in 1843 as a mexican land grant. in the decades that followed, the ranch grew in size as additional land grants were purchased by tejon’s founder, general edward fitzgerald beale, a historic figure in early california. today, the 270,000-acre ranch is the principal asset of tejon ranch company, which was incorporated in 1936. the company’s stock is traded on the new york stock exchange under the symbol trc.