Investors　of　real　estate　listed　companies　is　the　community,　so　managers　of　those　companies　must　conscientiously　fulfill　their　obligations　to　disclose　information　to　enable　enterprises　to　be　under　the　supervision　and　influence　of　shareholders,　the　community　and　other　parties,　thus　effectively　promote　and　improve　the　internal　operation　mechanism.　How　to　correctly　use　the　information　to　evaluate　the　real　estate　listed　companies＇　performance　scientifically　and　provide　reference　information　for　all　stakeholders　and　corporate　managers,　is　a　problem　that　becomes　more　and　more　urgent　and　important　in　theory　and　reality.　The　purpose　of　this　study　is　to　construct　an　integrated　performance　evaluation　method　that　apply　to　the　real　estate　listed　companies.　This　study　analyzes　DEA＇s　applicability　in　the　performance　evaluation　of　the　real　estate　listed　companies　using　DEA.　From　the　application　steps　of　DEA,　the　study　screens　the　appropriate　decision-making　units,　establishes　the　input　and　output　index　system,　determines　the　DEA　model.　So　far,　the　study　constructs　a　complete　set　of　DEA-based　performance　method　for　real　estate　listed　companies.　And　in　this　study,　40　Chinese　real　estate　listed　companies　on　the　Shanghai　Stock　Exchange　or　the　Shenzhen　Stock　Exchange　were　selected　as　study　subject　between　2011　and　2013.We　obtain　the　result　of　the　evaluation,　which　reveals　the　cause　why　some　listed　companies　suffer　low　efficiency.　And　it　helps　us　find　ways　to　solve　them.　Furthermore,　through　the　comparison　among　evaluation,　the　paper　analyses　the　tendency　of　the　whole　property　development　in　these　years.　©　2015　ASCE.