This article investigates the information that is available to shareholders and the
public by listed property companies in order to make investment decisions. It also
mentions the usefulness of this information for purposes of mass valuation of the
portfolio of properties that are owned by these entities, or to extrapolate to other
non-portfolio properties. The study makes use of a multiple regression analysis
with empirical testing of property loan stock (PLS) companies in South Africa. It
was found that only six of the PLS companies publish any useful information with
regards to their property portfolio and only one provided sufficient information
to be of statistical significance. It was also found that the provided information
is lacking specific property and portfolio details and is, therefore, of limited use
overall as far as investment decision-making is concerned. The method applied
is, however, confirmed to be applicable for mass valuation techniques, but
limited by the amount of information available.
Die artikel ondersoek die inligting wat aan aandeelhouers en die publiek
beskikbaar gestel word deur genoteerde eiendomsfondse om sodoende
beleggingsbesluite te neem. Die bruikbaarheid van hierdie inligting vir doeleindes
van massawaardasietegnieke van die portfolio of nie-portfolio eiendomme word
ook gemeld as ‘n sekondere aanwending. Veelvoudige regressie analise word
gebruik met empiriese toetse van die eiendomsleningseffekte maatskappye in
Suid-Afrika. Die ondersoek het bevind dat slegs ses van die maatskappye enige
bruikbare inligting publiseer ten opsigte van hul eiendomsportefeulje en slegs
een genoegsame inligting publiseer om statisties beduidend te wees. Dit was
ook bevind dat die inligting tekortkom ten opsigte van eiendoms- en portefeulje
spesifieke besonderhede om beleggingsbesluite te neem. Die metode wat
toegepas is, bevestig egter die gebruik van massawaardasietegnieke, maar
dat dit beperk word deur inligting wat beskikbaar is.
