Tejon Ranch Co

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 a power plant lease 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 1036 acres almonds in 2235 acres and pistachios in 932 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 530 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.