Tejon Ranch Company (NYSE:TRC) is a fully diversified integrated real estate company and agribusiness, whose principal asset is California’s historic Tejon Ranch.
Located along Interstate 5 approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield, the 270,000-acre ranch is the largest single piece of private property in the state. At 422 square miles, it is just about as large as the City of Los Angeles and about 40% the size of Rhode Island.
In addition to real estate, the Company has extensive agriculture and ranching operations.
Tejon Ranch Company’s real estate developments include the world-class Tejon Ranch Commerce Center, a 1,450-acre commercial/industrial center located at the junction of I-5 and Highway 99. The Commerce Center is also the location of the Outlets at Tejon, an upscale outlet retail center the Company developed in partnership with The Rockefeller Group.
In addition, Tejon Ranch Company is developing several master planned mixed use residential communities, including a fully-approved mountain resort community known as Mountain Village at Tejon Ranch. The Company is also planning two other communities: Centennial at Tejon Ranch, a landmark new town in Los Angeles County that’s designed to serve as a model of sustainable development for 21st century California; and Grapevine at Tejon Ranch, a similar master planned community located near the Tejon Ranch Commerce Center in Kern County.
Along with its real estate, ranching and agricultural operations, the property also includes significant oil, gas and other mineral resources, which provide a substantial stream of yearly royalty revenue. Tejon Ranch Company runs a full outdoors program, with exclusive hunting clubs, membership programs, guided excursions and various equestrian operations. The diverse topography of the ranch also makes it a favorite location for the filming of movies, television programs and commercials.
As it has throughout its 175-year history, Tejon Ranch has demonstrated a commitment to environmental stewardship. That commitment is evidenced today the Tejon Ranch Conservation and Land Use agreement, which permanently conserves 90% of the Company’s landholdings; the use of reclaimed water throughout the existing Tejon Ranch Commerce Center and in its future residential communities; extensive use of solar throughout its commercial and residential developments; and making minimizing its carbon footprint a key development feature.
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