Blackwells Capital Activist Presentation Deck

BUSINESS OVERVIEW - GEOGRAPHY WPT's 35 Million Square Foot Portfolio is Well Diversified Across 20 States Pennsylvania3% 3% Wisconsin 4% Ohio 4% New Jersey 4% Florida 4% Indiana 5% California 5% Kansas Oregon Louisiana 1% 3% Kentucky 6% NOI by State BW BLACKWELLS CAPITAL North Carolina 6% Georgia 13% Tennessee 7% Source: WPT Industrial REIT Q3 2020 Investor Presentation, Company Filings. Texas 12% Illinois 9% Minnesota 8% Strictly Confidential & Trade Secret Ohio 6% Pennsylvania 2%. 3% Wisconsin 3% New Jersey 1% Florida 4% Indiana 6% California 2% Kentucky 7% Square Footage by State Kansas Oregon 2% North Carolina 6% Tennessee 9% Georgia 20% Minnesota 5% Texas 11% Illinois 10% 34

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