CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 35,552	$ 31,907
Marketable securities - available-for-sale	25,119	32,556
Accounts receivable	3,694	8,352
Inventories	5,821	3,493
Prepaid expenses and other current assets	4,477	3,502
Total current assets	74,663	79,810
Real estate and improvements - held for lease, net	16,559	16,609
Real estate development (includes $121,133 at March 31, 2024 and $119,788 at December 31, 2023, attributable to CFL, Note 14)	342,198	337,257
Property and equipment, net	55,172	53,985
Investments in unconsolidated joint ventures	30,075	33,648
Net investment in water assets	58,023	52,130
Other assets	4,941	4,084
TOTAL ASSETS	581,631	577,523
Current Liabilities:
Trade accounts payable	9,752	6,457
Accrued liabilities and other	3,186	3,214
Deferred income	2,421	1,891
Total current liabilities	15,359	11,562
Revolving line of credit	47,942	47,942
Long-term deferred gains	11,447	11,447
Deferred tax liability	8,267	8,269
Other liabilities	15,894	15,207
Total liabilities	98,909	94,427
Commitments and contingencies (Note 11)
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - $26,797,440 at March 31, 2024 and 26,770,545 at December 31, 2023	13,400	13,386
Additional paid-in capital	346,141	345,609
Accumulated other comprehensive loss	(177)	(171)
Retained earnings	107,994	108,908
Total Tejon Ranch Co. Stockholders’ Equity	467,358	467,732
Non-controlling interest	15,364	15,364
Total equity	482,722	483,096
TOTAL LIABILITIES AND EQUITY	$ 581,631	$ 577,523