Blackwells Capital Activist Presentation Deck

WPT HAS MINIMAL U.S. RESEARCH COVERAGE PLD DRE EGP TRNO REXR WPT U.S. Square Footage 611.0 156.0 43.5 13.1 27.6 35.6 BW BLACKWELLS CAPITAL U.S. Square Footage vs, U.S.-Based Equity Research Coverage Analysts 19 17 14 12 80 Number of U.S. Equity Research Analysts 20 18 16 14 12 10 8 4 2 0.0 EAST GROUP • DukeREALTY PROPERTIES TTERRENO Rexford Industrial INDUSTRIAL WPT REIT 100.0 Strictly Confidential & Trade Secret 200.0 300.0 400.0 U.S. Square Footage (mm) 500.0 600.0 PROLOGIS 700.0 41

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