Net Lease Portfolio Highlights, continued
(% of Annualized In-Place Base Rent<sup>(a)</sup>)


<figure type="CHART">

<description>The figure presents two charts side-by-side. On the left is a horizontal bar chart titled 'Top 10 Major Industries', displaying the percentage distribution of ten different industries. On the right is a pie chart titled 'Property Type', showing the distribution of property types across three categories.</description><table><thead><tr><th>Industry</th><th>Percentage</th></tr></thead><tbody><tr><td>Food Production &amp; Distribution</td><td>26.5%</td></tr><tr><td>Product Manufacturing</td><td>21.9%</td></tr><tr><td>Dining &amp; Entertainment</td><td>11.7%</td></tr><tr><td>Automotive Service</td><td>11.0%</td></tr><tr><td>Deathcare</td><td>4.9%</td></tr><tr><td>Healthcare</td><td>3.0%</td></tr><tr><td>Dealerships</td><td>2.3%</td></tr><tr><td>Furniture Shops</td><td>2.3%</td></tr><tr><td>Aerospace</td><td>2.2%</td></tr><tr><td>Warehouse &amp; Distribution</td><td>2.2%</td></tr></tbody></table><table><thead><tr><th>Property Type</th><th>Percentage</th></tr></thead><tbody><tr><td>Service</td><td>40%</td></tr><tr><td>Industrial</td><td>55%</td></tr><tr><td>Retail</td><td>5%</td></tr></tbody></table></figure>

(a) Annualized In-Place Base Rent represents the monthly aggregate base rent charged to tenants as of the balance sheet date, multiplied by 12


STARWOOD PROPERTY TRUST


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