Blackwells Capital Activist Presentation Deck
PRO FORMA MONMOUTH + WPT
The NewCo. Would Be the 12th Largest Industrial Real Estate Company in the U.S.
Combining Monmouth and WPT's portfolio the NewCo would have over 220 buildings and over 60 million square feet of
industrial real estate space
With Monmouth's preexisting relationships in sourcing and acquiring newly built facilities and WPT's pipeline of
development the NewCo would have a healthy growth prospective both organically and inorganically
The NewCo would also solve the many issues that weigh upon Monmouth and WPT's valuations currently including the
FedEx exposure, inefficient debt structure, lack of rent escalators, and a refreshed and capable management team
The NewCo would also have one of the strongest portfolios in the industrial real estate space with 98% occupancy, an
average asset age of 12.2 years and a 6.1 year weighted average lease maturity
New Co Property Locations
States with only MNR Properties
States with only WPT Properties
States with both MNR & WPT Properties
Major Hubs
BW BLACKWELLS CAPITAL
Strictly Confidential & Trade Secret
Number of Industrial Buildings
Number of States
Gross Leasable Area
WPT Industrial REIT Inc. Q3 2020 Investor Presentation, Monmouth Real Estate Investment Corporation October 2020 Investor Presentation.
Key Operating Stats
Average Building Size
Current Occupancy
Weighted Average Lease Maturity
Average Asset Age
220+
34
60.1 million
sq.
98%
250,000 sq. ft.
6.1 years
ft.
12.2 years
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