Australia real estate investment trusts (AREITs) returned 2.2% in the month of June 2018, marginally underperforming the S&P/ASX 200, which returned 3.3% in the same period. On a 12-month basis, the return of the AREIT sector was 13.0%. FY18 was characterised by a continuing increase in asset values, in particular Sydney and Melbourne office, and M&A activity in the sector. The takeover by Uniball-Rodamco of Westfield has released $7 billion...