---
title: "Tejon Ranch | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 9.503 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285559042.md"
datetime: "2026-05-07T13:08:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285559042.md)
  - [en](https://longbridge.com/en/news/285559042.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285559042.md)
generator: "portal-rs"
---

# Tejon Ranch | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 9.503 M

Revenue: As of FY2026 Q1, the actual value is USD 9.503 M, beating the estimate of USD 8.753 M.

EPS: As of FY2026 Q1, the actual value is USD 0.01.

EBIT: As of FY2026 Q1, the actual value is USD -1.273 M.

### Financial Highlights (First Quarter Ended March 31, 2026 vs. 2025)

#### Net Income

Net income attributable to common stockholders increased to $0.2 million in Q1 2026, compared to a loss of - $1.5 million in Q1 2025. 

#### Total Revenues and Other Income

Revenues and other income, including equity in earnings of unconsolidated joint ventures, increased by $1.3 million to $10.8 million in Q1 2026, compared to $9.6 million in Q1 2025. Total revenues were $9.5 million in Q1 2026, up from $8.2 million in Q1 2025. 

#### Operating Costs and Profit

Total costs and expenses were $10.6 million in Q1 2026, down from $12.4 million in Q1 2025. Operating loss improved to - $1.1 million in Q1 2026, from - $4.2 million in Q1 2025. 

#### Adjusted EBITDA (Non-GAAP)

Adjusted EBITDA increased by $2.0 million to $4.8 million in Q1 2026, compared to $2.8 million in Q1 2025. 

### Segment Performance (First Quarter Ended March 31, 2026 vs. 2025)

#### Real Estate - Commercial/Industrial

Segment revenues were $2.8 million in Q1 2026, consistent with $2.8 million in Q1 2025. The Tejon Ranch Commerce Center (TRCC) industrial portfolio, through joint ventures, consists of 2.8 million square feet of GLA and remains 100% leased as of March 31, 2026. The TRCC commercial portfolio, wholly owned and through joint ventures, consists of approximately 584,000 square feet of GLA and is 95% leased as of March 31, 2026. Occupancy at the Outlets at Tejon was 92% as of March 31, 2026. Outlet traffic increased approximately 22% year-over-year, and outlet sales per square foot rose 12%. 

#### Multifamily

Segment revenues were $0.7 million in Q1 2026, compared to $0 million in Q1 2025. 

#### Farming

Farming segment revenues were $0.9 million in Q1 2026, down from $1.6 million in Q1 2025. The Company planted 150 acres of olives in 2025 and an additional 150 acres in 2026. Adjusted Farming EBITDA before Fixed Water Obligations was $185 thousand in Q1 2026, compared to $259 thousand in Q1 2025. 

#### Mineral Resources

Mineral resources segment revenues increased 36% to $3.5 million in Q1 2026, compared to $2.6 million in Q1 2025. Segment operating profit more than doubled to $1.0 million in Q1 2026. 

#### Ranch Operations

Ranch operations revenues were $1.6 million in Q1 2026, compared to $1.3 million in Q1 2025. 

### Liquidity and Capital Resources (as of March 31, 2026)

Total capital, including debt, was $585.3 million. Total liquidity was approximately $83.9 million. This liquidity consisted of approximately $19.4 million in cash and securities, and $64.6 million available on its line of credit. 

### 2026 Outlook

Tejon Ranch Co. remains focused on TRCC as its primary development platform, intending to pursue commercial, industrial, and multifamily development, leasing, and investment activities, potentially through joint ventures and selective land sales. The Company also continues to advance its residential projects, including Mountain Village, Grapevine, and Centennial. Net income is expected to fluctuate due to various factors including entitlement processes, litigation, timing and level of development activity, land sales, leasing, and commodity prices in farming and mineral resources segments.

### Related Stocks

- [TRC.US](https://longbridge.com/en/quote/TRC.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**