Boshoff, Douw Gert Brand2013-10-212013-10-212013Boshoff, DWG 2013, 'Towards a listed real estate investment valuation model', South African Journal of Economic and Management Sciences = Suid-Afrikaanse Tydskrif vir Ekonomiese en Bestuurswetenskappe, vol. 16, no. 3, pp. 329-346.1015-8812 (print)2222-3436 (online)http://hdl.handle.net/2263/32096This paper presents a Listed Real Estate Investment Valuation Model that was developed to investigate the movement in indirect real estate investment through the consideration of the underlying assets of property loan stock companies. Specific reference is given to information that is made available to shareholders by way of annual financial statements in order to determine the extent to which shareholders can make investment decisions based on this information. The study enhances the knowledge of direct vs. indirect real estate investment behaviour and provides more insight into price discovery in the property sector.en© 2013. The Authors.Valuation modelsIndirect propertyListed propertyPrice discoveryArticle