Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	HOSPITALITY PPTYS TR	1,266,961	$33.66M	16.3%	$26.57	$31.12	—	COM SH BEN INT	44106M102
O	REALTY INCOME CORP	387,369	$24.22M	11.7%	$62.52 *	$26.96	+30.0%	COM	756109104
CSX	CSX CORP	722,973	$18.63M	9.0%	$25.77 *	$9.43	-25.7%	COM	126408103
GATX	GATX CORP	301,615	$14.35M	6.9%	$47.59 *	$45.70	-25.5%	COM	361448103
USB	US BANCORP DEL	294,347	$11.95M	5.8%	$40.59 *	$29.15	-4.6%	COM NEW	902973304
—	VEREIT INC	1,029,447	$9.131M	4.4%	$8.87	$7.75	—	COM	92339V100
NRG	NRG ENERGY INC	638,260	$8.301M	4.0%	$13.01 *	$19.84	-53.1%	COM NEW	629377508
GBX	GREENBRIER COS INC	274,140	$7.581M	3.7%	$27.65 *	$41.66	-53.6%	COM	393657101
CAT	CATERPILLAR INC DEL	92,635	$7.088M	3.4%	$76.52 *	$72.87	-27.2%	COM	149123101
R	RYDER SYS INC	105,306	$6.825M	3.3%	$64.81 *	$89.24	-36.3%	COM	783549108
—	GENERAL ELECTRIC CO	212,242	$6.754M	3.3%	$31.82	$25.24	—	COM	369604103
—	EMPIRE DIST ELEC CO	184,081	$6.082M	2.9%	$33.04	$29.74	—	COM	291641108
JPM	JPMORGAN CHASE & CO	96,149	$5.691M	2.8%	$59.19 *	$44.70	+0.4%	COM	46625H100
—	LEXINGTON REALTY TRUST	660,000	$5.678M	2.7%	$8.60	$8.19	—	COM	529043101
COP	CONOCOPHILLIPS	108,310	$4.361M	2.1%	$40.26 *	$39.12	-28.2%	COM	20825C104
—	GREAT PLAINS ENERGY INC	131,270	$4.234M	2.0%	$32.25	$28.36	—	COM	391164100
—	ROYAL DUTCH SHELL PLC	60,000	$2.949M	1.4%	$49.15	$57.37	—	SPON ADR B	780259107
PG	PROCTER & GAMBLE CO	35,604	$2.929M	1.4%	$82.27 *	$64.60	-4.6%	COM	742718109
XOM	EXXON MOBIL CORP	33,043	$2.762M	1.3%	$83.59 *	$58.00	-10.4%	COM	30231G102
FCX	FREEPORT-MCMORAN INC	263,942	$2.724M	1.3%	$10.32 *	$17.69	-64.0%	CL B	35671D857
NSC	NORFOLK SOUTHERN CORP	24,900	$2.074M	1.0%	$83.29 *	$85.81	-28.3%	COM	655844108
UNP	UNION PAC CORP	22,932	$1.823M	0.9%	$79.50 *	$89.46	-30.7%	COM	907818108
—	ROYAL DUTCH SHELL PLC	37,550	$1.818M	0.9%	$48.42	$66.98	—	SPONS ADR A	780259206
DUK	DUKE ENERGY CORP NEW	18,916	$1.523M	0.7%	$80.51 *	$50.97	-1.0%	COM NEW	26441C204
T	AT&T INC	36,909	$1.447M	0.7%	$39.20 *	$11.87	+16.6%	COM	00206R102
BAC	BANK AMER CORP	95,925	$1.298M	0.6%	$13.53 *	$13.44	-19.2%	COM	060505104
SO	SOUTHERN CO	24,200	$1.252M	0.6%	$51.74 *	$29.49	+9.3%	COM	842587107
JNJ	JOHNSON & JOHNSON	9,475	$1.023M	0.5%	$107.97 *	$77.30	+1.9%	COM	478160104
—	CALPINE CORP	67,303	$1.023M	0.5%	$15.20	$22.11	—	COM NEW	131347304
EPR	EPR PPTYS	15,120	$1.007M	0.5%	$66.60	$58.00	—	COM SH BEN INT	26884U109
—	REYNOLDS AMERICAN INC	16,854	$848K	0.4%	$50.31	$54.81	—	COM	761713106
IP	INTL PAPER CO	20,530	$841K	0.4%	$40.96 *	$22.81	0.0%	COM	460146103
ALL	ALLSTATE CORP	8,565	$577K	0.3%	$67.37 *	$51.61	-2.1%	COM	020002101
RMR	RMR GROUP INC	21,022	$487K	0.2%	$23.17 *	$7.12	+55.5%	CL A	74967R106
CVX	CHEVRON CORP NEW	5,095	$484K	0.2%	$95.00 *	$70.48	-18.5%	COM	166764100
BMY	BRISTOL MYERS SQUIBB CO	7,520	$480K	0.2%	$63.83 *	$38.91	+15.1%	COM	110122108
—	HANCOCK JOHN FINL OPPTYS FD	17,900	$433K	0.2%	$24.19	$23.70	—	SH BEN INT NEW	409735206
VZ	VERIZON COMMUNICATIONS INC	5,172	$282K	0.1%	$54.52 *	$27.59	+8.8%	COM	92343V104
LUV	SOUTHWEST AIRLS CO	5,967	$267K	0.1%	$44.75 *	$32.73	+10.6%	COM	844741108
WMT	WAL-MART STORES INC	3,863	$264K	0.1%	$68.34 *	$21.91	-16.4%	COM	931142103
BXP	BOSTON PROPERTIES INC	2,000	$254K	0.1%	$127.00 *	$79.21	+0.3%	COM	101121101
—	DU PONT E I DE NEMOURS & CO	4,035	$254K	0.1%	$62.95	$66.67	—	COM	263534109
DIS	DISNEY WALT CO	2,464	$243K	0.1%	$98.62 *	$81.70	+8.9%	COM DISNEY	254687106
VFC	V F CORP	3,600	$233K	0.1%	$64.72 *	$66.14	-12.2%	COM	918204108
PSX	PHILLIPS 66	2,544	$221K	0.1%	$86.87 *	$59.08	-5.2%	COM	718546104
KEY	KEYCORP NEW	16,000	$177K	0.1%	$11.06 *	$8.62	-13.7%	COM	493267108
MFC	MANULIFE FINL CORP	11,519	$162K	0.1%	$14.06 *	$18.93	-29.2%	COM	56501R106