Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>TRC believes 2025 revenue and adjusted EBITDA improvements illustrate the progress It is making in executing its strategy, including land monetization and crop diversification initiatives.</li><li>Moreover, in 2025, TRC simplified its operating structure and reduced overhead.</li><li>Nevertheless, TRC cautioned that it expects net income to fluctuate from year to year based on multiple factors discussed below.</li></ul>

TRC believes 2025 revenue and adjusted EBITDA improvements illustrate the progress It is making in executing its strategy, including land monetization and crop diversification initiatives.Moreover, in 2025, TRC simplified its operating structure and reduced overhead.Nevertheless, TRC cautioned that it expects net income to fluctuate from year to year based on multiple factors discussed below.

TRC: 4Q25 and 2025 Highlights  2026 Outlook

Tejon Ranch

TRC: 4Q25 and 2025 Highlights 2026 Outlook