Dear Friends,

At Tejon Ranch Company, we recognize the privilege and responsibility we have to be good stewards of this remarkable California landscape. We’re dedicated to using our land in ways that will benefit conservation, the local community, the people of California, and our shareholders. Simply put, it’s our goal to continue to build the legacy of this beautiful land and this great company.

As California continues to grow, we understand our obligation to wisely plan for that growth. Current and future generations of Californians — our children and grandchildren — will need homes and jobs and opportunities to build a future. Our vision to accomplish this involves the environmentally sensitive development of a small portion of our land. Our master planned mixed-use communities: the commercial/industrial-centric Tejon Ranch Commerce Center, home to the Outlets at Tejon and future home to a new apartment community; the sustainable residential-centric communities of Centennial and Grapevine; and the remarkable mountain retreat community of Mountain Village, are and will continue to be models of cutting edge 21st century development. But rest assured, our commitment to conservation remains intact, as we pledge to leave thousands of acres (and the plants and animals that live there) just as they are.

There are few places in California where all of this can be accomplished, and that holds tremendous value for Tejon Ranch Company shareholders and investors. I hope you take the opportunity to view our vision video (below). There you’ll see the core values that drive all that we do at Tejon Ranch: Legacy, Stewardship, Quality and Vision. We look forward to you joining us, as a shareholder, partner, visitor, or future homeowner, as we partner together in building the Tejon Ranch legacy.

Gregory S. Bielli,
President and Chief Executive Officer