The future of A-REITS

Investors who have put their faith in Australian real estate investment trusts (A-REITs) have done well over the past few years. Performance of the sector was up 24.86% in the year to November as measured by the S&P/ASX 300 A-REIT index. Longer-term returns are also sound, 13.58% a year over three years and 13.17% a year over five.

But behind the headline performance there are winners and losers among the funds. For example,