SLIDE 1
This presentation contains "forward-looking information" as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of
- perations, performance, business prospects and opportunities of WPT Industrial Real Estate Investment Trust (the “REIT"), , including statements concerning the REIT anticipated acquisition of four investment
properties from its private capital pipeline and the expected purchase price therefor and timing for completion thereof, as well as the immediately accretive impact on the REIT’s AFFO expected from this acquisition. The words “plans”, “expects”, “scheduled”, “estimates”, “intends”, “anticipates”, “projects”, “believes”, or variations of such words and phrases (including negative variations) or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Forward looking statements are necessarily based 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. Such estimates, beliefs and assumptions include the various assumptions set forth herein, including, but are not limited to, the REIT’s ability to meet conditions on the acquisition of the Acquisition Portfolio will be met or waived in a timely manner and that the acquisition of the Acquisition Portfolio will be completed on the current agreed upon terms, the REIT’s and the property’s future growth potential, anticipated amounts of expenses (or whether such expenses will be non-recurring), results of operations, future prospects and opportunities, the demographic and industry trends remaining unchanged, no change in legislative or regulatory matters, future levels of indebtedness, the tax laws as currently in effect remaining unchanged, the continual availability of capital, the current economic conditions remaining unchanged, and continued positive net absorption and declining vacancy rates in the markets in which the REIT’s properties are located. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved, if achieved at all. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including but not limited to those factors discussed or referenced under the “Risk Factors” section of the REIT’s most recently filed MD&A and the REIT’s annual information form (the “AIF”), which are available on SEDAR at www.sedar.com and, in particular, include the risks that the REIT’s acquisition of four investment properties from its private capital pipeline may not
- ccur on the timeline and for the purchase price as expected, may occur only in part if it is completed at all, and the properties’ financial performance could differ from the forecasted performance. These forward-
looking statements have been approved by management to be made as of the date of this press release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 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 REIT’s MD&A and the AIF. Certain terms includes in this presentation such as debt-to-gross book value (“GBV”), funds from operations (“FFO”), adjusted funds from operations (“AFFO”), net operating income (“NOI”), book value per Unit, same property net operating income (“Same property NOI”), capitalization rate, cash re-leasing spread, and straight-line rent re-leasing spread are used by management to measure, compare and explain the operating results and financial performance of the REIT and are not recognized terms under IFRS, and therefore should not be construed as alternatives to net income (loss) and comprehensive income (loss) or cash flow from
- perating activities calculated in accordance with IFRS. Management believes these terms are relevant measures in comparing the REIT’s performance to industry data, the REIT’s ability to earn and distribute cash
returns to holders of the REIT’s trust units, and the REIT’s ability to meet its ongoing obligations. These terms are defined and reconciled to the most directly comparable measure specified in the REIT’s MD&A. Such terms do not have a standardized meaning prescribed by IFRS and may not be comparable to a similarly titled measure presented by other issuers.
Forward–Looking Statements
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