Tejon Ranch swings to Q2 profit of $2.6M; revenue rises 57% to $17.4M

TEJON RANCH CO

Net income attributable to common stockholders of $2.6M ($0.10/share) vs loss of $1.7M ($0.06/share) in Q2 2025.
Revenue and other income increased $6.3M to $17.4M; Adjusted EBITDA rose 47% to $8.4M.
Commercial/industrial segment revenue up $4.6M to $9.7M, driven by $6.9M Dedeaux land sale; TRCC industrial 100% leased.
Corporate expenses YTD $4.7M vs $9.1M prior year (incl $3.4M non-recurring); liquidity $79.2M.
Construction started on Building 1B at TRCC (510,500 sq ft) via 60% JV with Dedeaux; completion early 2027.

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