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Tejon Ranch TRC Real estate - commercial/industrial — Operating Expenses

Other segment segments

Ranch operations
$1.13M+5.8%
Multifamily
$334K

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Other financials

Income statement

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Revenue$14.3M+71.7%
Operating income$348.0K+109%
Net income$2.6M+254%
EPS (diluted)$0.10+267%

Balance sheet

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Cash & equivalents$3.9M+54.8%
Total debt$48.6M-3.4%
Total equity$477.6M+1.3%
Total assets$639.5M+3.4%

Cash flow

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Operating cash flow$1.3M+441%
CapEx$1.5M-16.9%
Free cash flow$1.4M+139%

Valuation

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Market cap$450.99M-5.7%
P/E74.7×
P/S7.9×-2.6×

Profitability

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Operating margin-38.9%-41.8pp
Net margin10.6%+9.7pp
FCF margin-10.9%-5.1pp

Returns & leverage

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Return on equity1.3%+1.2pp
Debt / equity0.1×0.0×
Current ratio2.9×+0.7×

Where this comes from

Reported directly by Tejon Ranch in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

The source filing: Tejon Ranch’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054146
($ in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Equity in earnings of unconsolidated joint ventures3,1002,5554,3903,713
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures12,7637,64716,81511,559
Cost of sales of land$4,8541,778$4,8541,774
Operating expenses6595681,3031,130
Selling, general and administrative expenses6027641,5331,755
Depreciation and amortization97105200212
Commercial/industrial expenses6,2123,2157,8904,871
Operating income from commercial/industrial and unconsolidated joint ventures$6,551$4,432$8,925$6,688

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tejon Ranch's real estate - commercial/industrial — operating expenses?
Tejon Ranch (TRC) reported real estate - commercial/industrial — operating expenses of $659K in Q2 2026.
How has Tejon Ranch's real estate - commercial/industrial — operating expenses changed year-over-year?
Tejon Ranch's real estate - commercial/industrial — operating expenses increased by 16.0% year-over-year, from $568K to $659K.
What is the long-term trend for Tejon Ranch's real estate - commercial/industrial — operating expenses?
Over 3 years (2022 to 2025), Tejon Ranch's real estate - commercial/industrial — operating expenses has grown at a -16.7% compound annual growth rate (CAGR), from $4M to $2.31M.
What does real estate - commercial/industrial — operating expenses mean?
This metric tracks the day-to-day costs required to maintain and operate commercial and industrial real estate assets, excluding capital expenditures. Managing these expenses is critical for maintaining healthy operating margins and ensuring the long-term viability of the property portfolio.

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