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Tejon Ranch

#7151

Rank

$489.78M

Marketcap

US United States

Country

Tejon Ranch
Leadership team

Mr. Gregory S. Bielli (Pres, CEO & Director)

Mr. Allen E. Lyda (COO, CFO, Exec. VP, Treasurer & Assistant Sec.)

Mr. Robert D. Velasquez (Sr. VP of Fin. & Chief Accounting Officer)

Products/ Services
Agriculture, Real Estate
Number of Employees
50 - 100
Headquarters
Bakersfield, California, United States
Established
1843
Company Registration
SEC CIK number: 0000096869
Net Income
5M - 20M
Revenue
20M - 100M
Traded as
TRC
Social Media
Overview
Location
Summary
Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes in 1,036 acres, almonds in 2,262 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.
History

In 1843, the Mexican government made grants for the land that became three ranches: the 26,626-acre Rancho Los Alamos y Agua Caliente; the 97,617-acre Rancho El Tejon; and the 22,178-acre Rancho Castac. A fourth tract, the 48,800-acre Rancho La Liebre, was granted in 1846.

At the urging of Edward Beale, Superintendent of Indian Affairs in California, the Sebastian Indian Reservation was established in 1853 on Rancho El Tejon, and Fort Tejon was established by the U.S. Army in 1854 on Rancho Castac. These were federal projects, consisting of major developments and improvements, on what was the Mexican grantees' private land.

In 1855, Edward Beale purchased Rancho La Liebre. The Army abandoned Fort Tejon in 1864. Beale bought Rancho El Tejon and Rancho de los Alamos y Agua Caliente in 1865, and Rancho Castac in 1866. With the purchase of these four Mexican land grants, Beale created the present day Tejon Ranch.Beale's son, Truxtun Beale, sold the Tejon Ranch in 1912 to a syndicate of investors headed by Los Angeles Times publisher Harry Chandler and land developer Moses Sherman. Both also had extensive holdings in the San Fernando Valley. In 1917, some surviving Kitanemuk Indians lived on Tejon Ranch.In 1936, the Tejon Ranch Company became a public company, with the Chandler–Sherman group retaining a controlling interest. The Chandlers' Times Mirror Company sold its stake in 1997. It has been publicly listed since 1973 and most recently has been on the New York Stock Exchange."In 1916 El Tejon Land Company of Kern County filed suit to evict the El Tejon Indians from the El Tejon Ranch, which the Indians owned under Spanish and Mexican laws that the United States had agreed to uphold under the Treaty of Guadalupe Hidalgo. The company had been renting the land from the Indians and employing Indians to work on it. They began to withhold rent payments, and the Indians, fearful of losing their jobs, dared not demand the rent be paid. After waiting the requisite number of years, the company claimed ownership of the land on the basis of peaceful possession."

Hunting

In 2012, the ranch suspended all hunting, following a 2011 California Department of Fish and Game investigation into the illegal killing of mountain lions. The investigation was initiated by a whistleblower who filed a lawsuit.

Mission
Tejon Ranch Company is committed to creating value for stakeholders through the responsible development of master-planned communities, renewable energy and infrastructure projects, agricultural production and conservation initiatives.
Vision
Tejon Ranch Company’s vision is to be a leading diversified real estate enterprise creating long-term value through the responsible development of our land and long-term relationships.
Key Team

Mr. Marc William Hardy (Sr. VP, Gen. Counsel & Corp. Sec.)

Mr. Hugh F. McMahon IV (Exec. VP of Real Estate)

Mr. Barry Zoeller (Sr. VP of Corp. Communications & Investor Relations)

Mr. Derek C. Abbott (Sr. VP of Real Estate)

Mr. Joseph N. Rentfro (Exec. VP of Real Estate)

Mr. Michael L. Campeau (Sr. VP of Ranch Operations)

Mr. Fredrick R. Irwin III (Sr. VP of Agriculture)

Recognition and Awards
Tejon Ranch has received awards from the Environmental Protection Agency, California Resources Agency, and numerous other organizations for its commitment to sustainability.
References

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Tejon Ranch
Leadership team

Mr. Gregory S. Bielli (Pres, CEO & Director)

Mr. Allen E. Lyda (COO, CFO, Exec. VP, Treasurer & Assistant Sec.)

Mr. Robert D. Velasquez (Sr. VP of Fin. & Chief Accounting Officer)

Products/ Services
Agriculture, Real Estate
Number of Employees
50 - 100
Headquarters
Bakersfield, California, United States
Established
1843
Company Registration
SEC CIK number: 0000096869
Net Income
5M - 20M
Revenue
20M - 100M
Traded as
TRC
Social Media