Blackwells Capital Activist Presentation Deck

PORTFOLIO SUMMARY Summary Portfolio Metrics Young portfolio in the industrial REIT sector with a weighted average building age of 15 years One of the highest occupancy rates 98.3% current occupancy levels 4.5-year average remaining lease term Occupancy 100.0% 99.1% 95.6% 98.7% 97.9% 99.3% 99.0% 98.3% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% FY 2014 I FY Q3 FY FY FY FY 2015 2016 2017 2018 2019 2020 Source: WPT Industrial REIT Q3 2020 Investor Presentation, Company Filings. BW BLACKWELLS CAPITAL Strictly Confidential & Trade Secret 6.0 5.0 4.0 3.0 2.0 1.0 Average Remaining Lease Term (years) 4.6 FY 2014 3.9 FY 2015 4.1 4.0 4.7 4.9 FY FY FY FY 2016 2017 2018 2019 4.5 Q3 2020 36

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