Blackwells Capital Activist Presentation Deck

TENANT OVERVIEW WPT Industrial Has a High-Quality Roster of Tenants WPT industrial has a diversified and stable tenant base WPT's top 11 tenants are all industrial grade with ratings ranging from BBB to A+ Tenant FedEx Ground Package System, Inc. IKEA Distribution Services, Inc. General Mills Operations, LLC Continental Tire the Americas Unilever Home & Personal Care Amazon.com Keystone Automotive2 International Paper Company Zulily LLC MWI Veterinary Supply Company Industry Third Party Logistics Consumer Products Consumer Products Consumer Products Consumer Products BW BLACKWELLS CAPITAL WPT Tenants E-Commerce Consumer Products Consumer Products Source: WPT Industrial REIT Q3 2020 Investor Presentation, Company Filings. FedEx IKEA Express E-Commerce Consumer Products % of Total Annualized Base Rent G Strictly Confidential & Trade Secret 12.7% 3.4% 2.9% 2.7% 2.7% 2.5% 2.3% 2.2% 2.0% 1.8% 35.2% General Mills GLA Occupied ('000s sq. ft.) 1,874.1 996.5 1,512.6 740.9 1,262.5 936.0 754.8 665.3 737.5 555.0 10,035.2 amazon (%) of Total Portfolio GLA 5.9% 3.1% 4.8% 2.3% 4.0% 2.9% 2.4% 2.1% 2.3% 1.7% 31.5% Unilever 31

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