The Property Grid pane provides the options required to view and change the properties associated with a report or a specific control (or collection of controls). The properties listed are context sensitive (i.e. different properties are available when selecting an entire band from the Layout or just a single control).
Appearance: Allows changing background and foreground colours, font settings, alignment, styles etc.
Behaviour: Allows changing width and height, word wrapping etc.
Data: Allows changing the data format, adding summaries (e.g. Sum, Count) etc.
Page Settings: When selecting the entire Report this allows changing the paper kind (e.g. A4, Letter), orientation, margins etc.