Blackwells Capital Activist Presentation Deck
U.S. COMPETITOR OVERVIEW
Competitors
We have identified ten publicly traded industrial REIT peers in the U.S.
WPT represents a likely potential acquisition target for most players given its portfolio, high quality
tenant base, and discounted valuation
ā
Name
Prologis, Inc.
Duke Realty Corporation
Rexford Realty
First Industrial Realty Trust, Inc.
EastGroup Properties, Inc.
STAG Industrial, Inc.
Terreno Realty Corporation
Lexington Realty Trust
Monmouth Real Estate Investment Corporation
Industrial Logistics Properties Trust
WPT Industrial REIT
Note: Market cap as of 12/31/2020.
BW BLACKWELLS CAPITAL
WPT Comparable Companies
Market Capitalization
76,261,204
15,028,720
6,678,960
5,615,929
5,470,740
4,832,676
4,008,620
3,020,328
1,702,556
1,520,837
1,258,566
Strictly Confidential & Trade Secret
Enterprise Value Number of Locations Total Square Feet
83,272,904
4,655
963,000,000
18,036,320
518
156,100,000
229
27,600,000
438
62,999,157
313
43,500,000
457
91,800,000
218
13,100,000
111
53,100,000
118
23,375,642
301
43,759,000
8,130,460
6,989,829
6,772,640
6,354,076
4,311,720
4,036,228
3,027,456
2,931,137
2,377,081
108
35,600,000
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