Tejon Ranch (TRC) Registration Filing summary

Company overview and business model

• Operates as a diversified real estate development and agribusiness company focused on land planning, entitlement, development, commercial sales/leasing, mineral royalties, water asset management, and farming operations.

• Holds approximately 270,000 acres of contiguous land in California, with major projects including mixed-use master planned residential and commercial developments.

• Strategy centers on securing entitlements, infrastructure development, and monetizing land through development, sales, and conservation.

• Engages in joint ventures to facilitate land development and enhance recurring revenue streams, including new residential leasing from the Terra Vista at Tejon project.

Financial performance and metrics

• Financial statements for the years ended December 31, 2024 and 2023, and for the three-year period ended December 31, 2024, have been audited by Deloitte & Touche LLP.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as specified in the applicable prospectus supplement; proceeds from sales by selling securityholders will not go to the company unless otherwise stated.