Blackwells Capital Activist Presentation Deck
MONMOUTH + WPT
Monmouth + WPT Would Be the 10th Largest Industrial Real Estate Company in the U.S.
Monmouth + WPT would be the 10th largest industrial real estate company
Would be the 3rd largest U.S. publicly traded Industrial REIT (if IPOed)
The Industrial Real Estate Landscape
Company
1 Prologis
2 Blackstone Group
3
4
5
6
7 LaSalle Investment Management
8
Majestic Realty
9
First Industrial Realty Trust
10 NewCo. (Monmouth + WPT)
11 CenterPoint Properties
12 W. P. Carey
13 Lexington Realty Trust
14 Black Creek Group
15 Nuveen / TH Real Estate
Exeter Property Group
Duke Realty
Clarion Partners
STAG Industrial
Industrial Space
Owned
963,000,000
957,925,224
167,000,000
156,100,000
151,630,991
91,800,000
87,418,633
78,250,000
BW BLACKWELLS CAPITAL
62,999, 157
60,105,861
59,000,000
56,196,000
53,100,000
49,829,934
47,819,070
Implied Enterprise Value
WPT Industrial REIT Inc. Q3 2020 Investor Presentation, Monmouth Real Estate Investment Corporation December 2020 Investor Presentation.
Market Cap and EV as of 12/31/2020.
Note: NewCo. Implied Enterprise Value Calculated using group average.
Strictly Confidential & Trade Secret
Company
Prologis
1
2
Duke Realty
3 New Co. (Monmouth + WPT)
4 Rexford Industrial Realty
5
First Industrial Realty Trust
6 EastGroup Properties
STAG Industrial
7
8 Terreno Realty Corporation
9 Lexington Realty Trust
Enterprise Value (in
$mms)
83,272
18,036
8,138
8,130
6,990
6,773
6,354
4,312
4,036
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