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Tejon Ranch a Strong Investment

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September 30, 2008 | Comment(s): 0
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TRC

Tejon Ranch Co. (TRC - Analyst Report) is a real estate development and agri-business company committed to responsibly utilizing its land and resources to meet the housing, employment and lifestyle needs of Californians and create value for shareholders. The company's operations consist of land planning and entitlement, land development, commercial sales and leasing, leasing of land for mineral royalties, grazing leases, income portfolio management, and farming.

The company's prime asset is approximately 270,000 acres of contiguous, largely undeveloped land that, at its most southerly border, is 60 miles north of Los Angeles and, at its most northerly border, is 25 miles south of Bakersfield. Tejon Ranch is the same size as Hong Kong and is 40% the size of Rhode Island.

We expect the value of land to significantly increase as further entitlement processes are completed, which involve state and county approval along with the expected subsequent law suits by environmental groups. As management succeeds in its vision of developing Tejon Ranch over the next 25 years, the valuation per acre should dramatically increase.

Read the full analyst report on TRC

Read the full analyst report on TRC

 

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