SINGAPORE (Sept 6): CIMB Research is maintaining its "overweight" call on Asean REITs which have outperformed year-to-date as investors seek shelter in yield.

With dividend yields of 5.8-6.8%, CIMB lead analyst Lock Mun Yee expects more yield compression with organic or acquisition-led earnings growth prospects.

In a sector note published on Monday, Lock singled out industrial REITs as "most positive" across the region, riding on the growth of e-commerce and consumption.

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