Investing.com - Tejon Ranch reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tejon Ranch announced earnings per share of $0.38 on revenue of $31.48M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $14.54M.
Tejon Ranch shares are down 28% from the beginning of the year, still down 20.52% from its 52 week high of $21.69 set on November 10, 2021.
Tejon Ranch follows other major Real Estate sector earnings this month
Tejon Ranch's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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