Tejon Ranch's Q4 revenue rises on farming strength
Overview
US real estate developer and agribusiness's Q4 revenue grew 8% yr/yr; net income fell sharply
Adjusted EBITDA for Q4 rose 9% yr/yr
Farming segment revenue surged 26% in Q4, driven by pistachio production rebound
Outlook
Company expects 2026 net income to fluctuate with development activity and commodity prices
Tejon Ranch expects elevated farming production costs in 2026, including fuel, fertilizer and labor
Company expects pistachio orchards to be in a down-bearing year in 2026
Result Drivers
PISTACHIO PRODUCTION - Farming revenue rose as pistachio output rebounded from a down-bearing year, contributing $5.3 mln in Q4
COMMERCIAL REAL ESTATE LEASING - High occupancy rates and leasing at Tejon Ranch Commerce Center supported results
RETAIL AND TRAVEL CENTER SALES - Retail and fuel sales increased at Outlets at Tejon and TA Petro Travel Center following Hard Rock Tejon Casino opening
Company press release: ID:nGNXChsCy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $21.11 mln | $13.94 mln (1 Analyst) |
Q4 EPS |
| $0.06 |
|
Q4 Net Income |
| $1.58 mln |
|
Q4 Adjusted EBITDA |
| $11.40 mln |
|
Q4 Operating Income |
| -$2.29 mln |
|
Q4 Pretax Profit |
| $4.48 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Tejon Ranch Co is $26.25, about 43.8% above its March 18 closing price of $18.25
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