Tejon Ranch Co (TRC) Q3 2025 Earnings Call

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WEBVTT 00:00:00.875 -- 00:00:05.800 Good afternoon, ladies and gentlemen, and welcome to the Tahoe Ranch Company's earnings 00:00:05.800 -- 00:00:10.904 conference call. All participants will be in listen-only mode. 00:00:10.904 -- 00:00:15.066 A question and answer session will follow the formal presentation. 00:00:15.188 -- 00:00:20.313 If anyone should require operator assistance during the conference, please key in star 00:00:20.313 -- 00:00:23.897 and then zero on your telephone keypad. 00:00:23.897 -- 00:00:26.379 Please note that this event is being recorded. 00:00:26.379 -- 00:00:32.863 I will now hand you over to Nick Uttes. Please go ahead, Seth. 00:00:35.209 -- 00:00:40.216 Good afternoon and welcome to the Home Ranch Company's third quarter 2025 earnings call. 00:00:40.216 -- 00:00:45.202 My name is Nick Ortiz. Joining me today are Matthew Walker, President and CEO, and Robert 00:00:45.202 -- 00:00:48.807 Velasquez, Senior Vice President and Chief Financial Officer. 00:00:48.807 -- 00:00:53.593 Today's press release, 10Q, and this webcast are available on our Investor Relations 00:00:53.593 -- 00:00:57.406 website. A replay will be posted after we conclude. 00:00:57.406 -- 00:01:00.527 That site is ir.tohoneranch.com. 00:01:01.811 -- 00:01:04.615 Today's remarks may include forward-looking statements. 00:01:04.615 -- 00:01:08.620 These statements are made under the safe harbor provisions of the Private Securities 00:01:08.620 -- 00:01:13.826 Litigation Reform Act of 1995 and are subject to risks and uncertainties 00:01:13.826 -- 00:01:17.110 that could cause actual results to differ materially. 00:01:17.110 -- 00:01:22.577 Key factors are detailed in our SEC filings, including our most recent Forms 10Q 00:01:22.577 -- 00:01:27.275 and 10K. We assume no ob...