Investor Presentaiton

Level 3 Strategy... Summary of Vesta's Stage 3 strategy Becoming a world class fully integrated industrial real estate company 2024 targets: ■ ~ Recycle US$ 1 for every 2 of invested capital ■ Net Debt to EBITDA ratio at or below 5.5x ■ LTV ratio below 40% ☐ ☐ VESTA III. Keep strengthening our balance sheet and expand our funding sources Expand our funding sources and improve our financial flexibility Recycle capital through selective asset dispositions to establish a track record of realizing value Selectively explore JVs and other alternative funding sources ■ Maintain a healthy dividend payout 12 79

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