By Chris Owens,Analyst, Atchison Consultants Australian real estate investment trusts (AREITs), as represented by the S&P/ASX 200 AREIT Index, returned 4.9% in the month ending 31 December 2021. AREITs outperformed the S&P/ASX 200 return of 2.7% over the month. Over the 12 months to December 2021, AREITs posted a strong total return of 26.1%, outperforming the S&P/ASX 200 return of 17.2%. Part of this return stems from “base effects” but...