Blackwells Capital Activist Presentation Deck

YEARS OF SHARE PRICE UNDERPERFORMANCE Despite Strong Fundamentals for Industrial REITS, WPT Shares Have Materially Underperformed WPT Industrial has suffered prolonged and substantial share price underperformance on a relative basis Over the last five years WPT has overperformed their peer group by (118%) on average Source: Capital IQ. Note: Calculated through 12/31/2020. BW BLACKWELLS CAPITAL Industrial REIT and S&P 500 Performance Over the Last 5 Years REXR SMU-U TRNO EGP US Average Canadian Average PLD GRT-U DIR-U DRE FR WPT 0.0% 50.0% 63.2% 100.0% Strictly Confidential & Trade Secret 125.9% 118.2% 150.0% 181.6% 192.4% 187.4% 178.2% 168.6% 165.2% 161.5% 208.0% 200.0% 233.8% 250.0% 20

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