The Global Financial Crisis has drawn considerable attention from practitioners in which a more accurate pricing model is required. Thus the Lower Partial Moment-Capital Asset Pricing Model (LPM- CAPM) has become increasingly accepted in recent years. This book is the first study to examine the importance of the LPM-CAPM (or downside beta) in Australian Listed Property Trusts. It is a unique and timely book by combining descriptive materials and extensive empirical evidence to demonstrate the LPM-CAPM model. Four major parts have been covered in this book to: • Examine the theoretical superiorities of the LPM- CAPM. • Demonstrate the applications of the model with empirical evidence. • Explain the significance of the model with a comprehensive survey of property fund managers. • Review global REITs.