Blackwells Capital Activist Presentation Deck

YEARS OF SHARE PRICE UNDERPERFORMANCE Despite Strong Fundamentals for Industrial REITS, WPT Shares Have Materially Underperformed Since its IPO, WPT has significantly underperformed its peers 300% BW BLACKWELLS CAPITAL 250% 200% 150% 100% 50% 0% -50% Source: Capital IQ. Note: Calculated through 12/31/2020. Peer group includes DRE, EGP, PLD, REXR, and TRNO. WPT's Share Price Return vs. Index of Peers Since IPO 4/26/2013 4/26/2014 4/26/2015 4/26/2016 4/26/2017 4/26/2018 4/26/2019 Peer Average WPT Industrial Strictly Confidential & Trade Secret Her 4/26/2020 60

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