INVESTOR PRESENTATION First Quarter 2014 1 Forward-Looking - PowerPoint PPT Presentation

INVESTOR PRESENTATION First Quarter 2014 1

Forward-Looking Statements Certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of WPT Industrial Real Estate Investment Trust (“WPT REIT” or the “REIT"), or industry r esults, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this presentation, such statements use such words as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate" and other similar terminology. These statements reflect the REIT's current expectations regarding future events and operating performance including the REIT’s future growth potential, results of operations, future prospects and opportunities , demographic and industry trends and future legislative and regulatory approaches with respect to matters affecting the REIT and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, which include, but are not limited to the factors discussed under “Forward - Looking Statements” and "Risk Factors" in the prospectus of the REIT dated April 18, 2013, the “Prospectus” and should not be read as guarantees of future performance or results, and will not necessarily be accurate indi cations of whether or not such results will be achieved. Forward looking statements are necessarily broad on a number of estimates and assumptions that, while considered reasonable by management of the REIT as of the date of this presentation, are inherently subject to significant business, economic and competitive uncertainties and contingencies; therefore, the REIT cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the REIT assumes no obligation to update or revise them to reflect new events or circumstances. This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. The information contained in this presentation concerning the REIT and its affiliates does not purport to be all-inclusive or to contain all the information that a prospective purchaser or investor may desire to have in evaluating whether or not to make an investment in the REIT. The information is qualified entirely by reference to the Prospectus. This presentation includes certain financial measures such as funds from operations (“FFO”), adjusted funds from operations (“AFFO”) and net operating income (“NOI”) that are not measures recognized under International Financial Reporting Standards (“IFRS”) and do not have standardized meanings prescrib ed by IFRS. FFO, AFFO and NOI are supplemental measures of a Canadian real estate investment trust’s performance and the REIT believes they are relevant measures of the abi lity of the REIT to earn and distribute cash returns to investors in the Units and to evaluate the REIT’s performance. The IFRS measurement most directly comparable to FFO, AFFO and NOI is net income. Tables reconciling such non- IFRS financial measures are available in this presentation and in the Prospectus. All currency in U.S. dollars 2

40 institutional-quality properties benefiting from US economic recovery Listed on TSX (WIR.U) and OTCQX (WPTIF) ONLY Canadian REIT • 14.2 million Units outstanding focused exclusively on U.S. industrial real estate Distributions in US funds • Current $0.70/Unit annualized • Strong yield as US$ strengthens Targeting Disciplined but Aggressive Growth 3

Investment Highlights 1 Focused on distribution sub-segment of U.S. industrial real estate market 2 High-quality, stabilized and geographically diverse portfolio in major distribution markets 3 Aligned and experienced management and majority-independent board of trustees 4 Platform for accretive growth in a fragmented market 3003 Reeves Road Indianapolis, Indiana GLA: 741,100 sq. ft. Ceiling height: 36 feet 4 4

Well-Aligned Manager Retained Interest 50.7 %  IPO Units locked up until October 2014 Path to internalization  Automatic at $750 million in equity market capitalization Proven Experienced Management Team 5

Strong and Stable United States Industrial Market 600 Hartman Industrial Crt. Atlanta, Georgia 6 GLA: 525,600 sq. ft. Ceiling height: 32 feet

Strong Market Fundamentals 1 Substantial E-commerce supply chain growth is driving significant demand for state-of-the-art distribution buildings 2 Non-discretionary household goods 3 Sector is benefitting from US economic recovery 4 Build-to-suit & speculative development activity is occurring 5 Significant tenant investment in properties 100 West Thomas P Echols Drive Louisville, KY GLA: 936,000 sq. ft. Ceiling height: 32 feet Increasing Demand for Warehouse and Distribution Space 7

Demand for Bigger Buildings  Distribution sector growing in size and scale  The average footprint of distribution buildings has been steadily increasing.  52% of inventory constructed since 2000 larger than 1 million square feet, more than double the size of the inventory built prior to 2000.  Both build-to-suit and speculative development buildings over 1 million square feet are on the rise.  Tenants like Amazon.com, Proctor & Gamble, TJ Maxx, Home Depot and WalMart constructed or broke ground on +1.0 msf build-to-suits in 2013. Significant Opportunity to Build Unitholder Value 8

$117.8 Million 3 Institutional Quality Properties Strong Acquisition Growth Since IPO 3.0 Million Square Feet 3 High-Quality Tenants 6766 Pontius Rd. Cincinnati, Ohio 9 GLA: 754,000 sq. ft. Ceiling height: 35 feet

$53.0 Million Acquisition July 2013 Highlights 1 Institutional Quality Property 2 Efficient cross-dock configuration 3 32 foot clear ceiling height 4 Ample parking and large, flexible truck court 5 1,262,000 square foot facility, 100% leased to Unilever (NYSE: UN) 5620 Inner Park Drive Pontoon Beach, IL 10 GLA: 1,262,000 sq. ft. Ceiling height: 32 feet

$13.3 Million Acquisition April 2014 Highlights 1 Location: Proximity to Airport and Interstate 275 and 75 2 Efficient cross-dock configuration 3 32 foot clear ceiling height 4 Ample parking and large, flexible truck court 5 300,000 square foot facility, 100% leased to UPS Supply Chain Solutions (NYSE: UPS) 1500 Worldwide Blvd Hebron, KY 11 GLA: 300,000 sq. ft. Ceiling height: 32 feet

$51.5 million Acquisition April 2014 Highlights 1 USGBC LEED Gold certified Building 2 Efficient cross-dock configuration & rail served 3 32 foot clear ceiling height 4 Ample parking and large, flexible truck court 5 1,512,000 square foot facility, 100% leased to General Mills (NYSE: GIS) 1871 Willow Springs Church Road Atlanta, GA 12 GLA: 1,500,000 sq. ft. Ceiling height: 32 feet

Current Portfolio 40 Properties 11.7M sq. ft. of GLA MAJOR RAIL INFRASTRUCTURE MAJOR INTERSTATE HIGHWAYS INDUSTRIAL PROPERTIES OTHER DISTRIBUTION MARKETS Strategically Located in Key Distribution Markets 13

1 Institutional-Quality Portfolio 31 feet 2 Average Clear Ceiling Heights 11 Years Average Asset Age 290,000 Sq. Ft. 2 Average Building Size 175,000 Sq. Ft. 2 Average Tenant Size 1. As of March 31, 2014 2. Industrial assets only 14 State-of-the-Art Warehouse and Distribution Properties

High-Quality Tenant Base Top 10 Industrial Tenants (%) of Total Remaining Lease Tenant GLA Occupied Portfolio GLA Term (Years) Sector General Mills 1,500,000 12.83% 6.17 Consumer Products Unilever 1,262,648 10.80% 9.25 Consumer Products OSP Group / Redcats 741,092 6.34% 2.42 Online Retailer Zulily 737,471 6.31% 3.17 Online Retailer Honeywell 594,000 5.08% 4.75 Consumer Products Ebay / GSI Commerce 543,512 4.65% 3.08 Online Retailer Lifescience Logistics 394,200 3.37% 6.25 Healthcare Keystone Automotive 350,819 3.00% 3.08 Automotive Equipment KGP Logistics 311,100 2.66% 4.75 Third Party Logistics UPS 300,000 2.57% 4.75 Supply Chain Management 6,734,842 57.60% 4.91 Stable and Diversified Tenant Mix 15

Financial Overview 6766 Pontius Rd. Cincinnati, Ohio 16 GLA: 754,000 sq. ft. Ceiling height: 35 feet

Consistently Exceeded Forecast Since IPO Period Mar 4 Quarter Quarter Quarter (US$,000 except per Unit amounts) to June 30, ended Sept. ended Dec. ended Mar. 2013 30, 2013 31, 2013 31, 2014 Investment properties revenue 8,433 12,577 12,649 12,847 NOI 6,263 9,370 9,370 9,432 FFO 3,988 5,686 5,731 5,929 AFFO 2,957 4,264 4,680 4,817 AFFO per Unit $ 0.140 $ 0.177 $ 0.197 $ 0.202 Forecast NOI 8,293 11,470 11,211 11,309 Forecast FFO 4,006 5,477 5,276 5,297 Forecast AFFO 2,912 4,097 3,973 4,164 July 2013 property acquisition makes significant contribution 17