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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 3,571 $ 39,267
Marketable securities - available-for-sale 17,473 14,441
Accounts receivable 5,075 7,916
Inventories 8,230 3,972
Prepaid expenses and other current assets 2,203 3,806
Total current assets 36,552 69,402
Real estate and improvements - held for lease, net 59,679 16,253
Real estate development (includes $127,120 at September 30, 2025 and $124,136 at December 31, 2024, attributable to CFL (Note 14)) 370,514 377,905
Property and equipment, net 59,368 56,387
Investments in unconsolidated joint ventures 33,754 28,980
Net investment in water assets 63,847 55,091
Other assets 5,873 3,980
TOTAL ASSETS 629,587 607,998
Current Liabilities:    
Trade accounts payable 6,613 9,085
Accrued liabilities and other 4,153 5,549
Deferred income 2,968 2,162
Total current liabilities 13,734 16,796
Revolving line of credit 91,942 66,942
Long-term deferred gains 10,851 11,447
Deferred tax liability 9,028 9,059
Other liabilities 15,442 14,798
Total liabilities 140,997 119,042
Commitments and contingencies (Note 11)
Tejon Ranch Co. stockholders’ equity    
Common stock, $0.50 par value per share: authorized shares - 50,000,000 issued and outstanding shares - 26,880,668 at september 30, 2025 and 26,822,768 at december 31, 2024 13,447 13,412
Additional paid-in capital 349,604 348,497
Accumulated other comprehensive income 87 87
Retained earnings 110,092 111,598
Total Tejon Ranch Co. stockholders’ equity 473,230 473,594
Non-controlling interest 15,360 15,362
Total equity 488,590 488,956
TOTAL LIABILITIES AND EQUITY $ 629,587 $ 607,998