NexPoint Residential Trust Q2 revenue beats estimates

• Higher operating expenses — The company said increased property operating expenses contributed to the wider net loss in Q2.
• Interest expense — The company attributed the higher net loss to increased interest expense.
• Property upgrades — NexPoint Residential Trust completed 459 upgrades and leased 255 upgraded units in Q2, achieving an average monthly rent premium of $90.60 and 23% ROI.

NexPoint Residential Trust said U.S. multifamily REIT's Q2 revenue rose, beating analyst expectations.

Net loss widened to $8.6 million as property operating and interest expenses increased. Core FFO per share fell to $0.66 from $0.71 a year earlier.