CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 31,907	$ 39,119
Marketable securities - available-for-sale	32,556	33,444
Accounts receivable	8,352	4,453
Inventories	3,493	3,369
Prepaid expenses and other current assets	3,502	2,660
Total current assets	79,810	83,045
Real estate and improvements - held for lease, net	16,609	16,940
Real estate development (includes $119,788 at December 31, 2023 and $115,221 at December 31, 2022, attributable to Centennial Founders, LLC, Note 17)	337,257	321,293
Property and equipment, net	53,985	52,980
Investments in unconsolidated joint ventures	33,648	41,891
Net investment in water assets	52,130	47,045
Other assets	4,084	3,597
TOTAL ASSETS	577,523	566,791
Current Liabilities:
Trade accounts payable	6,457	5,117
Accrued liabilities and other	3,214	3,602
Deferred income	1,891	1,531
Current maturities of long-term debt	0	1,779
Total current liabilities	11,562	12,029
Long-term debt, less current portion	0	48,161
Revolving line-of-credit	47,942	0
Long-term deferred gains	11,447	11,447
Deferred tax liability	8,269	7,180
Other liabilities	15,207	10,380
Total liabilities	94,427	89,197
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 26,770,545 at December 31, 2023 and 26,541,553 at December 31, 2022	13,386	13,271
Additional paid-in capital	345,609	345,344
Accumulated other comprehensive loss	(171)	(2,028)
Retained earnings	108,908	105,643
Total Tejon Ranch Co. Stockholders’ Equity	467,732	462,230
Non-controlling interest	15,364	15,364
Total equity	483,096	477,594
TOTAL LIABILITIES AND EQUITY	$ 577,523	$ 566,791