CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 33,032	$ 31,907
Marketable securities - available-for-sale	16,533	32,556
Accounts receivable	2,359	8,352
Inventories	9,001	3,493
Prepaid expenses and other current assets	3,567	3,502
Total current assets	64,492	79,810
Real estate and improvements - held for lease, net	16,426	16,609
Real estate development (includes $122,329 at June 30, 2024 and $119,788 at December 31, 2023, attributable to CFL (Note 14))	357,574	337,257
Property and equipment, net	56,074	53,985
Investments in unconsolidated joint ventures	32,134	33,648
Net investment in water assets	57,800	52,130
Other assets	6,334	4,084
TOTAL ASSETS	590,834	577,523
Current Liabilities:
Trade accounts payable	13,234	6,457
Accrued liabilities and other	3,871	3,214
Deferred income	1,681	1,891
Total current liabilities	18,786	11,562
Revolving line of credit	51,942	47,942
Long-term deferred gains	11,447	11,447
Deferred tax liability	8,267	8,269
Other liabilities	15,809	15,207
Total liabilities	106,251	94,427
Commitments and contingencies (Note 11)
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - $26,806,409 at June 30, 2024 and 26,770,545 at December 31, 2023	13,404	13,386
Additional paid-in capital	347,040	345,609
Accumulated other comprehensive loss	(175)	(171)
Retained earnings	108,951	108,908
Total Tejon Ranch Co. Stockholders’ Equity	469,220	467,732
Non-controlling interest	15,363	15,364
Total equity	484,583	483,096
TOTAL LIABILITIES AND EQUITY	$ 590,834	$ 577,523