By Chris Owens, analyst, Atchison Consultants Australian real estate investment trusts (AREITs), as represented by the S&P/ASX 200 AREIT Index, returned -0.4% in the month ending 31 October 2021. AREITs underperformed the S&P/ASX 200 return of -0.1% over the month. Over the 12 months to October 2021, AREITs posted a strong total return of 30.2%, outperforming the S&P/ASX 200 return of 28.0%. Part of this return stems from “base effects”...