Tejon Ranch Co (TRC) Q1 2026 Earnings Call

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WEBVTT 00:00:01.010 -- 00:00:06.296 Good afternoon, ladies and gentlemen, and welcome to the Tahoe Ranch Company First 00:00:06.296 -- 00:00:09.500 Quarter 2026 Earnings Call. 00:00:09.500 -- 00:00:13.245 All participants will be in listen-only mode. 00:00:13.245 -- 00:00:16.468 If you should need operator assistance, 00:00:16.468 -- 00:00:21.853 please key in star and zero on your telephone keypad. 00:00:21.955 -- 00:00:24.378 Please note that this event is being recorded. 00:00:24.378 -- 00:00:31.098 I will now hand you over to Nick Ortiz. Please go ahead. 00:00:31.098 -- 00:00:36.445 Good afternoon and welcome to Tejon Ranch Company's first quarter 2026 earnings call. 00:00:36.445 -- 00:00:41.330 My name is Nick Ortiz. Joining me today are Matt Walker, President and CEO, and Robert 00:00:41.330 -- 00:00:44.935 Velasquez, Senior Vice President and Chief Financial Officer. 00:00:44.935 -- 00:00:49.480 Today's press release, 10Q, and this webcast are available on our Investor Relations 00:00:49.480 -- 00:00:53.305 website. A replay will be posted after we conclude. 00:00:53.305 -- 00:00:56.326 That site is ir.tejonranch.com. 00:00:57.250 -- 00:01:00.882 Today's remarks may include forward-looking statements. 00:01:00.882 -- 00:01:04.748 These statements are made under the safe harbor provisions of the Private Securities 00:01:04.748 -- 00:01:07.552 Litigation Reform Act of 1995 00:01:07.552 -- 00:01:11.758 and are subject to risks and uncertainties that could cause actual results to differ 00:01:11.758 -- 00:01:16.825 materially. These factors are detailed in our SEC filings, including our most recent 00:01:16.825 -- 00:01:22.273 forms 10Q and 10K. We assume no obligation to update any forward-looking 00:01:22.273 -- 00:01:25.506 statements. We may reference non-GAAP...