Tejon Ranch Co. - TRC- Profile

Tejon Ranch Co. The Group's principal activity is to develop land and agribusiness to increase the value of real estate and resource holdings. The Group operates in two segments: Real estate and Farming. Real estate consists of land planning and entitlement, real estate development, commercial sales and leasing and income portfolio management. This segment also leases land, microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes to tenants. The Farming segment operates farms of permanent crops like wine grapes, almonds, pistachios and walnuts. The Group's major customer is Pistachio Growers Incorporated, a purchaser of pistachios. It owns land located in San Joaquin Valley, Tehachapi Mountains, Antelope Valley, Kern County, California and Los Angeles County. Real Estate, 56% of 2006 revenues and Farming, 44%