Tejon Ranch posts Q3 net income of $1.7M vs year-ago loss; cuts workforce 20%

TEJON RANCH CO

2025-Q3 EPS reported -$0.06 revenue$28,485,000

Q3 net income of $1.7M ($0.06 diluted EPS) versus net loss of $1.8M ($0.07 loss) in Q3 2024.
Farming segment revenue rose 34% to $4.3M; almond and wine grape sales improved.
Workforce reduced ~20% in October 2025, expected annual savings of $2.0M.
TRCC industrial portfolio (2.8M sq ft) 100% leased; Terra Vista multifamily 55% leased (180 units).
Total liquidity of $89.1M; debt to total capitalization 32.0%.

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