TEJON RANCH CO.
Tejon Ranch Co. is a Delaware corporation, originally incorporated on 10 August 1987 to succeed a business that had operated as a California corporation since 1936. It is registered to transact business in California under California Secretary of State registration number 1593049, with its principal office at 4436 Lebec Road, Lebec, California. The company’s common stock trades on the New York Stock Exchange under the ticker symbol TRC, and its registry status is listed as active.
Tejon Ranch Co. is a diversified real estate development and agribusiness company. Its principal asset is a roughly 270,000-acre land holding straddling Kern, Los Angeles and Ventura counties, about 60 miles north of Los Angeles along Interstate 5. The company generates revenue across several segments: commercial and industrial real estate at the Tejon Ranch Commerce Center, which comprised about 2.8 million square feet of industrial space and roughly 620,000 square feet of commercial space in 2025; farming operations producing almonds, pistachios and wine grapes; mineral resources, including royalties from rock and aggregate mining; and ranch operations such as grazing and recreational leases. The company also holds long-term entitlements for large-scale residential and resort communities, including the Mountain Village and Centennial developments.
For the year ended 31 December 2025, Tejon Ranch Co. reported revenues and other income, including equity in earnings of unconsolidated joint ventures, of $58.7 million, a 7% increase from $54.7 million in 2024. Net income attributable to common stockholders was $0.1 million, or $0.00 per share, compared with $2.7 million, or $0.10 per share, in 2024; the company attributed part of the decline to increased corporate expenses linked to a contested board election and related proxy costs during the year. Adjusted EBITDA rose 8% to $25.3 million.
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Shareholders
2
Tejon Ranch Co. is a New York Stock Exchange-listed company (ticker: TRC) with approximately 27.0 million shares of common stock outstanding as of the record date for its 2026 annual meeting. As a US public company, it does not maintain a public shareholder register; beneficial ownership is disclosed only above the 5% threshold through Schedule 13G and 13D filings with the SEC, so the information below covers major shareholders rather than the full shareholder base.
Based on the most recent such filings, Horizon Kinetics Asset Management LLC reported beneficial ownership of 1,913,978 shares, or 7.1% of the class, as of 22 September 2025. Nitor Capital Management LLC, together with David Spier as its managing member, reported shared beneficial ownership of 1,681,564 shares, or 6.2% of the class, as of 31 March 2026. Other institutional investors, including Vanguard Group Inc and BlackRock, Inc., have also disclosed holdings above 5% in earlier Schedule 13G filings, though reported stakes change between filing dates as index and passive funds rebalance their positions. No shareholder has disclosed a majority or controlling stake.
No verified ultimate beneficial owner has been identified for Tejon Ranch Co. Every major shareholder identified in current filings is an institutional asset manager rather than a natural person, and none of the available filings establish an individual with a calculable effective ownership percentage.
Disclosure for this company is best described as major shareholders only: holdings above the SEC’s 5% reporting threshold are public, but smaller shareholdings are not centrally disclosed. The figures above are drawn from Schedule 13G filings made with the SEC between September 2025 and May 2026.
Registry feed — rows exactly as filed with California Secretary of State — bizfile Online, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Vanguard Group Inc | 11.2% | California Secretary of State — bizfile Online | |
| Foundation Resource Management Inc | 2.6% | California Secretary of State — bizfile Online |
Officers
26
Tejon Ranch Co. discloses its current executive officers through SEC filings and its investor relations materials rather than a state officer registry. As of the company’s 2026 annual meeting proxy statement, the named executive officers are Matthew H. Walker, President and Chief Executive Officer, and Michael R.W. Houston, Senior Vice President, General Counsel and Corporate Secretary. The company’s own leadership page additionally lists Hugh F. McMahon IV as Executive Vice President, Real Estate, and Robert D. Velasquez as Senior Vice President, Finance, Chief Accounting Officer and Chief Financial Officer. The board of directors is chaired by Norman J. Metcalfe.
Matthew H. Walker was appointed President and Chief Executive Officer effective 31 March 2025, succeeding Gregory S. Bielli, who had announced his retirement in 2024 and continues to serve as a company director. Separately, Allen E. Lyda, who had held the roles of Executive Vice President, Chief Operating Officer, Assistant Secretary and Assistant Treasurer, retired effective 1 March 2025 after 35 years with the company. Both changes were disclosed in Form 8-K filings with the SEC.
Officer nationality and country of residence are not disclosed in Tejon Ranch Co.’s SEC filings or public leadership materials; as a US SEC-reporting company, it is not required to publish this information. The information above reflects the company’s 2026 proxy statement and its official website as retrieved in September 2026.
Registry feed — rows exactly as filed with California Secretary of State — bizfile Online, including entries the profile above does not cover.
Group Structure
Tejon Ranch Co. has no parent company; it is an independent, publicly traded company at the top of its own corporate group. Its subsidiaries are set out in Exhibit 21 to its Form 10-K for the year ended 31 December 2025, filed with the SEC on 19 March 2026, and are fully consolidated into its financial statements.
Tejon Ranchcorp, a California corporation, is a direct, wholly owned subsidiary of Tejon Ranch Co. Through Tejon Ranchcorp, the company wholly owns Laval Agricultural Company, Tejon Ranch Feedlot, Inc., White Wolf Corporation, Tejon Development Corporation, Tejon Industrial Corp., Tejon Energy LLC, Tejon Ranch Wine Company, LLC and TRCC – West One, LLC, all organised in California, together with Tejon Mountain Village, LLC, a wholly owned Delaware limited liability company. Tejon Ranchcorp also holds a 93.84% interest in Centennial Founders LLC, a Delaware limited liability company; the filing does not identify the holder of the remaining interest.
| Entity | Country | Relationship | Ownership | Information date |
|---|---|---|---|---|
| Tejon Ranchcorp | United States (California) | Direct subsidiary | 100% | 31 Dec 2025 |
| Laval Agricultural Company | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Ranch Feedlot, Inc. | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| White Wolf Corporation | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Development Corporation | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Industrial Corp. | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Energy LLC | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Ranch Wine Company, LLC | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| TRCC – West One, LLC | United States (California) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Tejon Mountain Village, LLC | United States (Delaware) | Indirect subsidiary (via Tejon Ranchcorp) | 100% | 31 Dec 2025 |
| Centennial Founders LLC | United States (Delaware) | Indirect subsidiary (via Tejon Ranchcorp) | 93.84% | 31 Dec 2025 |
Corporate-linkage disclosure for Tejon Ranch Co. is full: its 2025 Form 10-K identifies a complete, currently effective list of subsidiaries with ownership percentages, filed with the SEC on 19 March 2026. No acquisitions, disposals or reorganisations affecting this subsidiary list were identified in the same filing period.
Registry feed — rows exactly as filed with California Secretary of State — bizfile Online, including entries the profile above does not cover.
TEJON RANCH CO.
United States
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Frequently Asked Questions
What does TEJON RANCH CO. do?
Tejon Ranch Co. is a diversified real estate development and agribusiness company whose principal asset is a roughly 270,000-acre land holding in Kern, Los Angeles and Ventura counties, California, generating revenue from commercial and industrial real estate, farming, mineral resources and ranch operations.
Who owns TEJON RANCH CO.?
Based on Schedule 13G filings with the SEC, Horizon Kinetics Asset Management LLC held 7.1% of Tejon Ranch Co. as of 22 September 2025, and Nitor Capital Management LLC, with David Spier, held 6.2% as of 31 March 2026; no shareholder holds a majority stake.
Who is TEJON RANCH CO.'s UBO (Ultimate Beneficial Owner)?
No natural-person ultimate beneficial owner has been identified for Tejon Ranch Co.; its disclosed major shareholders are institutional asset managers rather than individuals.
What is TEJON RANCH CO.'s company registration number?
TEJON RANCH CO.'s registration number is 1593049, filed with California Secretary of State — bizfile Online in United States. Its current status on the register is active.
Is TEJON RANCH CO. still an active company?
TEJON RANCH CO.'s status on California Secretary of State — bizfile Online is listed as active.
When was TEJON RANCH CO. incorporated?
TEJON RANCH CO. was incorporated on 10 August 1987, according to California Secretary of State — bizfile Online.
What is TEJON RANCH CO.'s registered address?
The registered address on file for TEJON RANCH CO. is LEBEC, United States.
What legal structure is TEJON RANCH CO. registered as?
TEJON RANCH CO. is registered as a Public Limited Company in United States.
What is TEJON RANCH CO.'s revenue?
For the year ended 31 December 2025, Tejon Ranch Co. reported revenues and other income, including equity in earnings of unconsolidated joint ventures, of $58.7 million, up 7% from $54.7 million in 2024, with net income attributable to common stockholders of $0.1 million.
Is TEJON RANCH CO. listed on a stock exchange?
Tejon Ranch Co. common stock trades on the New York Stock Exchange under the ticker symbol TRC.
Who are the officers/directors of TEJON RANCH CO.?
Matthew H. Walker has served as President and Chief Executive Officer of Tejon Ranch Co. since 31 March 2025, succeeding Gregory S. Bielli, who remains a company director.
Does TEJON RANCH CO. have a parent company or subsidiaries?
Tejon Ranch Co. has no parent company; per Exhibit 21 of its FY2025 Form 10-K, it wholly or majority owns a group of California and Delaware subsidiaries led by Tejon Ranchcorp, all consolidated into its financial statements.
Can Zavia monitor changes to TEJON RANCH CO.'s ownership over time?
This profile reflects a point-in-time snapshot from California Secretary of State — bizfile Online. Zavia's monitoring API can track changes to TEJON RANCH CO.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access TEJON RANCH CO.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like TEJON RANCH CO.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from California Secretary of State — bizfile Online and was last synced on 9 September 2026.