Blackwells Capital Activist Presentation Deck

DIVIDENDS Long Term Reliable Cash Dividends WPT has maintained or increased its dividend since its IPO In 2016, WPT increased its dividend to $0.76 per year, marking its second dividend increase in 3 years 100% cash dividends since inception ● $0.80 $0.70 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 SA $0.48 BW BLACKWELLS CAPITAL 2013 $0.70 2014 $0.76 $0.76 |||||| $0.72 2015 Source: WPT Industrial REIT Q3 2020 Investor Presentation, Company Filings. Dividends Per Share $0.76 2016 Strictly Confidential & Trade Secret 2017 2018 $0.76 2019 $0.76 2020 E 30

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