FROM VISION TO EXECUTION
UNLOCKING VALUE
May 2024
Tejon Ranch Co. at a Glance
Diversified real estate development and agribusiness company
- Owns 270,000 acres of contiguous land in prime Southern California market (along heavily trafficked I-5 north/south corridor)
- Commercial/industrial/multifamily real estate development currently in execution phase
- Large-scale,long-term master planned real estate development to address substantial housing shortage
- Current recurring revenue and cash generation to fund development activities:
- Mineral resources (water, oil/gas, cement, rock aggregate)
- Farming
- Ranch operations
- Responsible steward of land and natural resources
2
Investment in a California Legacy
Assets, strategy and team to drive meaningful long-term shareholder value
Track record of success
- Execution stage in commercial/industrial/multifamily real estate development
- Secured all necessary entitlements in high barrier-to-entry market, paving way for future master planned community development
- Unlocking asset value to drive ongoing profitable growth
Uniquely positioned to significantly improve and monetize tens of thousands of acres of raw land in prime Southern California market - located just 30 minutes north of Santa Clarita Valley in NW LA County
- Ownership of largest contiguous piece of private land in California, strategically located in path of growth evidenced by recent commencement of new home sales in Valencia development just to the south
- ~ 47,500 acres already entitled; ~ 8.9 million square feet already absorbed
Clear strategic vision to create significant value as a fully integrated real estate development company
- Strong foundation supported by diversified operations producing recurring revenue
Committed, experienced executive team to drive shareholder value
3
Clear Strategic Vision
Positioned to deliver significant value as a fully integrated real estate development company
35+ million sf commercial
35,000+ houses
Tejon Ranch Commerce Center
Mountain Village | Centennial | Grapevine |
4
Monetizing our Assets
Strategy: Hold assets to drive recurring revenue and cash flow to fund development activities
Execution Stage Assets
Tejon Ranch Commerce Center
- 11.1 mm sq. ft. of monetizable industrial space remaining (8.2 mm sq. ft. already absorbed)
- 282k sq. ft. of monetizable commercial/retail space remaining (674k sq. ft. already absorbed)
- Up to 495 multi-family units under construction
- Developed alone or with culturally aligned JV partners
Mineral Resources
- Water, oil/gas, cement, rock aggregate
Farming
- Pistachios - 932 total acres
- Almonds - 2,108 total acres
- Wine grapes - 1,036 total acres
5
Improving and Monetizing our Largest Asset
Strategy: Combine land ownership with substantial entitlement and development
expertise to help lessen California's housing crisis
Planned Development Assets
Large-Scale Master Planned Mixed-Use Development
- Four master planned mixed-use residential communities in various phases of the development process
- In path of growth up the I-5 corridor from Southern California
- All relevant local legislative approvals secured
- Expected legal and funding activities planned into development timeline
- Building 35,000+ houses; additional 15.4 mm sq. ft. of commercial space
- Considering self funding or use of JV partners for development
6
ASSETS
EXECUTION PHASE
Tejon Ranch Commerce Center (TRCC)
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Tejon Ranch Commerce Center
Industrial Real Estate Development
11.1 mm sq. ft. of monetizable industrial space remaining (8.2 mm sq. ft. already absorbed)
Major Distribution Centers
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Tejon Ranch Commerce Center
Commercial/Retail Real Estate Development
282k sq. ft. of monetizable commercial/retail space remaining (674k sq. ft. already absorbed)
Major Retail Operations
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Disclaimer
Tejon Ranch Co. published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 17:54:03 UTC.