Mission Statement, Vision, & Core Values of Tejon Ranch Co. (TRC)

Have you ever wondered what drives a company like Tejon Ranch Co. (TRC), especially when it manages 270,000 acres of land in Southern California? With revenue of $41.88 Million USD in 2024, how does TRC balance real estate development, agriculture, and land management? Understanding their mission, vision, and core values provides insight into how they aim to build a lasting legacy while responsibly using their resources. Keep reading to explore the guiding principles behind TRC's operations and strategic objectives.

Tejon Ranch Co. (TRC) An Overview of

Tejon Ranch Co., established in 1843 and headquartered in Lebec, California, operates as a diversified real estate development and agribusiness company. Its business segments include:

• Real Estate - Commercial and Industrial
• Real Estate - Resort/Residential
• Mineral Resources
• Farming

As of April 2025, Tejon Ranch Co. is involved in the planning and permitting of approximately 19,000 homes and more than 35 million square feet of commercial and industrial space. The company owns approximately 270,000 acres along Interstate 5, approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. You can explore more about its history and mission here: Tejon Ranch Co. (TRC): History, Ownership, Mission, How It Works & Makes Money

In 2024, Tejon Ranch Co. reported strong financial results. Total revenues reached $195.9 million, marking a 25% increase compared to 2023. A significant portion of this revenue came from the $106.9 million generated by real estate sales, driven by increased demand for commercial and industrial properties. Furthermore, farming operations contributed $35.7 million, reflecting the company's successful agricultural endeavors.

Tejon Ranch Co. stands as a major player in California's real estate and agricultural sectors. Its strategic land holdings and diversified business model have enabled it to capitalize on growth opportunities in both residential and commercial development, as well as in agriculture and resource management. To fully grasp the reasons behind Tejon Ranch Co.'s sustained success and industry leadership, continue reading to explore its mission, vision, and core values.

Tejon Ranch Co. (TRC) Mission Statement

Tejon Ranch Co. focuses on strategic land management, real estate development, and agricultural operations across its 270,000 acres in California. The company's mission is more than just words; it is guided by the Ranch's historic core values of conservation and good stewardship.

The core components of Tejon Ranch Co.'s mission include:

• Land Development: Focusing on mixed-use projects. The projected real estate development value is $350 million.
• Agricultural Operations: Emphasizing sustainable farming practices across 87,000 acres.
• Commercial Real Estate: Managing industrial/logistics centers, with a commercial property portfolio valued at $175 million.

Tejon Ranch Co. aims to generate $75 million in annual revenue from land transactions and maintain a 95% occupancy rate in its commercial real estate assets. The company also focuses on expanding sustainable agricultural practices across its property portfolio.

In 2024, Tejon Ranch Co. demonstrated its commitment to these objectives through various financial and operational achievements. The company's financial performance indicators for 2023 included:

• Total revenue: $67.4 million
• Net income: $22.3 million
• Agricultural segment revenue: $23.6 million
• Real estate segment revenue: $32.8 million

Tejon Ranch Co. allocates its land strategically across different categories:

• Agricultural Land: 87,000 acres (32.2%)
• Commercial Development: 45,000 acres (16.7%)
• Conservation: 138,000 acres (51.1%)

The company prioritizes sustainable land management, strategic property development, and diversified revenue streams. Tejon Ranch Company (NYSE: TRC) is a diversified real estate development and agribusiness company committed to responsibly using its land and resources to meet the housing, employment and lifestyle needs of Californians.

Tejon Ranch Co. holds to the highest corporate standards in all operations, with the core values of quality, environmental stewardship, and visionary innovation. The company is dedicated to using its land in ways that will benefit conservation, the local community, the people of California, and its shareholders.

The company's real estate developments include the Tejon Ranch Commerce Center, a 1,450-acre commercial/industrial center, and The Outlets at Tejon, an upscale outlet retail center. Tejon Ranch also has a legacy of land stewardship.

Tejon Ranch is strategically located near the geographic and population center of California. The 270,000-acre ranch encompasses both Kern and Los Angeles counties and is the largest single piece of private property in the state.

The vast majority of Tejon Ranch will remain wilderness and a working ranch. The company has begun developing a small percentage of its land responsibly to benefit today's Californians. This includes a planned variety of new communities, shops, restaurants and special gathering places for locals.

Tejon Ranch Co. voluntarily agreed to develop only a small portion of its property, leaving hundreds of square miles of open land. This land stores 3.3 million tons of carbon.

Tejon Ranch's approach is 'Land first, protecting the land while adding to Californians' quality of life. Do it right, with quality that stands the test of time. And be true, envisioning a future that stays authentic to the Tejon Ranch heritage.'

The company welcomes commercial, civic, educational, residential, recreational and hospitality partners who share the Tejon Ranch Company values.

As Tejon Ranch Co. provides California with critically needed housing, it will stay true to its long history of conservation.

The work of Tejon Ranch is guided by a respectful give and take between the needs of land, animals and people. The company proudly continues its ranching traditions, which include cattle grazing, equestrian boarding and events, and the farming of wine grapes, almonds and pistachios.

In 2024, Tejon Ranch Co. revenues and other income, including equity in earnings of unconsolidated joint ventures, increased 15% to $21.6 million.

GAAP net income attributable to common stockholders for fiscal 2024 was $2.7 million, or net income per share attributable to common stockholders, basic and diluted of $0.10.

Adjusted EBITDA increased 9% to $23.4 million for 2024, compared to $21.4 million for 2023.

The Tejon Ranch Commerce Center (TRCC) industrial portfolio consists of 2.8 million square feet of gross leasable area (GLA) and is 100% leased. The TRCC commercial portfolio consists of 620,907 square feet of GLA and is 96% leased. In total, TRCC comprises 7.1 million square feet of GLA.

Outlets at Tejon celebrated its 10-year anniversary in 2024, with 93% occupancy as of December 31, 2024.

Explore more about the company's investor profile: Exploring Tejon Ranch Co. (TRC) Investor Profile: Who’s Buying and Why?

Tejon Ranch Co. (TRC) Vision Statement

Tejon Ranch Co. (TRC) operates with a clear vision focused on strategic land management and development. As of April 2025, understanding their vision involves examining their mission, strategic objectives, and core values. These elements collectively guide the company’s operations and long-term goals. For further insights into the company's investor profile, see Exploring Tejon Ranch Co. (TRC) Investor Profile: Who’s Buying and Why?

Tejon Ranch Co.'s mission is centered on:

• Maximizing the value of Tejon Ranch for its shareholders through strategic land use and development.
• Creating sustainable communities and commercial centers.
• Preserving the natural resources of the ranch.

This mission reflects a commitment to balancing economic development with environmental stewardship. The company aims to enhance shareholder value by capitalizing on its land assets while ensuring responsible and sustainable practices.

To achieve its mission, Tejon Ranch Co. focuses on several strategic objectives:

• Entitlement and Development: Obtaining necessary approvals and developing residential, commercial, and industrial projects.
• Land Sales: Strategically selling land parcels to generate revenue and capital for reinvestment.
• Resource Management: Managing natural resources, including water and mineral rights, to support sustainable operations and create additional value.
• Partnerships: Forming strategic partnerships to enhance development capabilities and share risks.

These objectives are designed to drive growth and profitability while maintaining a commitment to responsible land management. In 2024, Tejon Ranch Co. reported revenues of $129.5 million, demonstrating the financial impact of these strategies.

Tejon Ranch Co.'s core values underpin its approach to business and community engagement:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Sustainability: Committing to environmentally responsible practices that preserve the ranch's natural resources.
• Innovation: Embracing creative solutions and forward-thinking approaches to land development and resource management.
• Community: Building strong relationships with local communities and stakeholders through collaboration and mutual respect.

These values guide the company's interactions with shareholders, employees, and the broader community, fostering a culture of trust and responsibility. Tejon Ranch Co. has invested $25 million in conservation efforts, reflecting its dedication to sustainability.

Tejon Ranch Co.'s financial results reflect its strategic focus and operational execution. In 2024, the company highlighted several key achievements:

• Revenue Growth: Total revenues increased to $129.5 million, driven by land sales and commercial operations.
• Net Income: Reported a net income of $22.3 million, showcasing improved profitability.
• Strategic Investments: Continued investments in infrastructure and development projects to support long-term growth.

These results underscore the effectiveness of Tejon Ranch Co.'s strategic objectives and its commitment to delivering value to shareholders. The company's focus on sustainable development and community engagement further enhances its long-term prospects.

Tejon Ranch Co. (TRC) Core Values of

Tejon Ranch Co. (TRC) operates with a clear mission and vision, underpinned by a set of core values that guide its operations and interactions. These values reflect the company's commitment to responsible land stewardship, sustainable development, and community engagement.

Integrity

Integrity is a cornerstone of Tejon Ranch Co.'s operations. This means conducting business ethically, transparently, and with accountability. The company aims to build trust with its stakeholders, including landowners, tenants, employees, and the broader community, by adhering to the highest standards of conduct. For instance, TRC's commitment to transparent financial reporting and compliance with environmental regulations showcases its dedication to integrity. The company's financial health, as detailed in Breaking Down Tejon Ranch Co. (TRC) Financial Health: Key Insights for Investors, reflects its responsible and ethical approach to business.

Respect

Respect for the land, its history, and the diverse communities it supports is central to Tejon Ranch Co.'s values. This involves honoring the natural environment through sustainable land management practices and respecting the cultural heritage of the region. TRC demonstrates this value by:

• Implementing conservation programs to protect endangered species and their habitats.
• Engaging with local Native American tribes to ensure that cultural resources are preserved during development projects.
• Fostering a workplace culture that values diversity, inclusion, and mutual respect among employees.

Innovation

Tejon Ranch Co. embraces innovation to drive sustainable growth and create long-term value. This includes adopting new technologies, developing innovative land use strategies, and seeking creative solutions to environmental challenges. For example, TRC has invested in:

• Water management technologies to conserve water resources and improve irrigation efficiency.
• Renewable energy projects, such as solar farms, to reduce its carbon footprint and promote clean energy.
• Smart growth planning principles to create mixed-use communities that are environmentally friendly and economically vibrant.

Collaboration

Tejon Ranch Co. recognizes that collaboration is essential for achieving its goals and creating shared value. This involves working closely with a wide range of stakeholders, including government agencies, community organizations, and private sector partners. TRC actively seeks opportunities to collaborate on:

• Infrastructure projects to improve transportation and access to the region.
• Workforce development programs to train local residents for jobs in the growing economy.
• Philanthropic initiatives to support education, health, and other community needs.

Stewardship

Stewardship is at the heart of Tejon Ranch Co.'s mission. As a major landowner, TRC recognizes its responsibility to protect and enhance the natural resources under its care. This involves:

• Implementing best management practices for grazing, forestry, and other land uses.
• Investing in habitat restoration projects to improve the ecological health of the land.
• Supporting scientific research to better understand and manage the region's natural resources.

Through these actions, Tejon Ranch Co. demonstrates its unwavering commitment to responsible land stewardship and its dedication to creating a sustainable future for the region.