0243 GMT - ESR-REIT's units may be weighed in the near term, RHB Research's Vijay Natarajan says in a report. First, the REIT recently announced that its second-largest tenant, which accounts for around 5% of rental income, has entered administration and is in arrears related to rental payments, the analyst notes. Second, the chief executive officer of the REIT's manager has decided to step down and the board is looking for a successor, which could lead to a strategy change. RHB Research downgrades its rating on the REIT to neutral from buy and lowers its target price to 2.48 Singapore dollars from S$3.05. Units are unchanged at S$2.27.
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