CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 27,369	$ 31,907
Marketable securities - available-for-sale	13,892	32,556
Accounts receivable	2,783	8,352
Inventories	7,550	3,493
Prepaid expenses and other current assets	4,053	3,502
Total current assets	55,647	79,810
Real estate and improvements - held for lease, net	16,340	16,609
Real estate development (includes $123,302 at September 30, 2024 and $119,788 at December 31, 2023, attributable to CFL (Note 14))	374,341	337,257
Property and equipment, net	56,760	53,985
Investments in unconsolidated joint ventures	34,429	33,648
Net investment in water assets	56,024	52,130
Other assets	4,496	4,084
TOTAL ASSETS	598,037	577,523
Current Liabilities:
Trade accounts payable	11,283	6,457
Accrued liabilities and other	6,565	3,214
Deferred income	1,721	1,891
Total current liabilities	19,569	11,562
Revolving line of credit	59,942	47,942
Long-term deferred gains	11,447	11,447
Deferred tax liability	8,282	8,269
Other liabilities	15,114	15,207
Total liabilities	114,354	94,427
Commitments and contingencies (Note 11)
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,814,680 at September 30, 2024 and 26,770,545 at December 31, 2023	13,408	13,386
Additional paid-in capital	347,939	345,609
Accumulated other comprehensive loss	(142)	(171)
Retained earnings	107,115	108,908
Total Tejon Ranch Co. Stockholders’ Equity	468,320	467,732
Non-controlling interest	15,363	15,364
Total equity	483,683	483,096
TOTAL LIABILITIES AND EQUITY	$ 598,037	$ 577,523