TRC ▼ -1.9% - Tejon Ranch Co. $TRC - Glenbrook Capital Management Issues Letter to San Juan Royalty Trust Officer Requesting Explanation and Transparency Around Expenses, Capital Expenditures and the Trust's Financial Position Tejon Ranch fell 1.9% today following a letter from Glenbrook Capital Management to San Juan Royalty Trust's officer requesting detailed explanations and transparency regarding expenses, capital expenditures, and the trust's overall financial position. The shareholder pressure for greater financial disclosure and clarity on cost management and capital allocation appears to have weighed on investor sentiment. 10-SEP-2026 03:25 PM ET