A property loan stock is a company that solely deals in property,unfortunately theres no PLS listed on the NSE but down South there are some quite impressive one's...one of them is Oryx properties Namibia which is my next buy has commercial,retail and industrial properties in both Namibia and South Africa and has occupancy rates of 98.5%...Oryx has a NAV of N$ 11.75(KSH 117) but currently trades at N$ 9.55(KSH 95.5) with a PE of 6.6 and a dividend yield of 10% thats N$1(KSH 10)...EPS has been on the rise for the past 5 years...check www.oryx.com.na and download 2009 annual report and join me...