Australian real estate investment trusts (AREITs), as represented by the S&P/ASX 200 REITs Index, returned -2.7% in August, underperforming the S&P/ASX 200’s return of 1.8 % over the month. Over the 12 months to September 2019, AREITs posted an impressive total return of 18.3% (5.8% higher than the S&P/ASX 200 return of 12.5%). One of the forces responsible for this return was a fall in market interest rates. The Reserve...