Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	HOSPITALITY PPTYS TR	1,256,353	$36.62M	14.3%	$29.15	$31.12	—	COM SH BEN INT	44106M102
—	GENERAL ELECTRIC CO	884,643	$23.89M	9.3%	$27.01	$27.90	—	COM	369604103
O	REALTY INCOME CORP	399,541	$22.05M	8.6%	$55.18 *	$27.24	+34.4%	COM	756109104
GATX	GATX CORP	301,615	$19.39M	7.6%	$64.27 *	$45.70	+11.2%	COM	361448103
CSX	CSX CORP	332,753	$18.16M	7.1%	$54.56 *	$9.39	+62.3%	COM	126408103
—	VEREIT INC	2,041,004	$16.61M	6.5%	$8.14	$8.07	—	COM	92339V100
USB	US BANCORP DEL	297,470	$15.44M	6.0%	$51.92 *	$29.16	+26.8%	COM NEW	902973304
GBX	GREENBRIER COS INC	269,007	$12.44M	4.8%	$46.25 *	$41.66	-14.9%	COM	393657101
NRG	NRG ENERGY INC	633,760	$10.91M	4.3%	$17.22 *	$19.84	-30.2%	COM NEW	629377508
CAT	CATERPILLAR INC DEL	88,475	$9.507M	3.7%	$107.45 *	$72.87	+15.4%	COM	149123101
JPM	JPMORGAN CHASE & CO	93,932	$8.585M	3.3%	$91.40 *	$44.70	+53.3%	COM	46625H100
R	RYDER SYS INC	105,215	$7.573M	2.9%	$71.98 *	$89.24	-22.4%	COM	783549108
—	LEXINGTON REALTY TRUST	671,000	$6.65M	2.6%	$9.91	$8.21	—	COM	529043101
COP	CONOCOPHILLIPS	107,041	$4.705M	1.8%	$43.96 *	$39.12	-9.3%	COM	20825C104
T	AT&T INC	109,399	$4.127M	1.6%	$37.72 *	$14.64	+8.7%	COM	00206R102
—	GREAT PLAINS ENERGY INC	127,934	$3.746M	1.5%	$29.28	$28.36	—	COM	391164100
—	ROYAL DUTCH SHELL PLC	60,000	$3.266M	1.3%	$54.43	$57.37	—	SPON ADR B	780259107
FCX	FREEPORT-MCMORAN INC	263,692	$3.167M	1.2%	$12.01 *	$17.69	-37.8%	CL B	35671D857
PG	PROCTER AND GAMBLE CO	35,115	$3.06M	1.2%	$87.14 *	$64.60	+8.6%	COM	742718109
NSC	NORFOLK SOUTHERN CORP	20,800	$2.531M	1.0%	$121.68 *	$85.81	+15.1%	COM	655844108
XOM	EXXON MOBIL CORP	31,136	$2.514M	1.0%	$80.74 *	$58.00	-4.4%	COM	30231G102
UNP	UNION PAC CORP	19,584	$2.133M	0.8%	$108.92 *	$89.46	+0.7%	COM	907818108
APLE	APPLE HOSPITALITY REIT INC	104,884	$1.962M	0.8%	$18.71	$18.86	—	COM NEW	03784Y200
BAC	BANK AMER CORP	79,936	$1.939M	0.8%	$24.26 *	$13.44	+42.1%	COM	060505104
—	ROYAL DUTCH SHELL PLC	33,500	$1.782M	0.7%	$53.19	$66.98	—	SPONS ADR A	780259206
DUK	DUKE ENERGY CORP NEW	19,040	$1.592M	0.6%	$83.61 *	$50.97	+15.9%	COM NEW	26441C204
IP	INTL PAPER CO	20,549	$1.163M	0.5%	$56.60 *	$22.81	+52.3%	COM	460146103
SO	SOUTHERN CO	24,200	$1.159M	0.5%	$47.89 *	$29.49	+19.0%	COM	842587107
JNJ	JOHNSON & JOHNSON	8,700	$1.151M	0.4%	$132.30 *	$77.70	+29.2%	COM	478160104
EPR	EPR PPTYS	15,120	$1.087M	0.4%	$71.89	$58.00	—	COM SH BEN INT	26884U109
—	REYNOLDS AMERICAN INC	16,454	$1.07M	0.4%	$65.03	$55.68	—	COM	761713106
RMR	RMR GROUP INC	20,601	$1.002M	0.4%	$48.64 *	$7.12	+276.2%	CL A	74967R106
—	CALPINE CORP	67,303	$911K	0.4%	$13.54	$22.11	—	COM NEW	131347304
ALL	ALLSTATE CORP	7,416	$656K	0.3%	$88.46 *	$51.61	+35.2%	COM	020002101
—	HANCOCK JOHN FINL OPPTYS FD	16,750	$604K	0.2%	$36.06	$23.70	—	SH BEN INT NEW	409735206
LUV	SOUTHWEST AIRLS CO	6,217	$386K	0.2%	$62.09 *	$32.78	+59.6%	COM	844741108
BMY	BRISTOL MYERS SQUIBB CO	6,690	$372K	0.1%	$55.61 *	$39.06	+2.1%	COM	110122108
—	DU PONT E I DE NEMOURS & CO	3,835	$310K	0.1%	$80.83	$80.83	—	COM	263534109
CVX	CHEVRON CORP NEW	2,957	$309K	0.1%	$104.50 *	$70.45	+3.9%	COM	166764100
MS	MORGAN STANLEY	6,540	$291K	0.1%	$44.50 *	$22.85	+46.8%	COM NEW	617446448
VZ	VERIZON COMMUNICATIONS INC	5,574	$249K	0.1%	$44.67 *	$27.98	+5.5%	COM	92343V104
BXP	BOSTON PROPERTIES INC	2,000	$246K	0.1%	$123.00 *	$79.21	+9.7%	COM	101121101
WMT	WAL-MART STORES INC	3,245	$246K	0.1%	$75.81 *	$21.91	+0.5%	COM	931142103
DIS	DISNEY WALT CO	2,278	$242K	0.1%	$106.23 *	$102.45	0.0%	COM DISNEY	254687106
IWR	ISHARES TR	1,237	$237K	0.1%	$191.59	$179.03	—	RUS MID CAP ETF	464287499
—	DISCOVER FINL SVCS	3,739	$232K	0.1%	$62.05	$53.76	—	COM	254709108
VFC	V F CORP	3,800	$219K	0.1%	$57.63 *	$65.70	-21.5%	COM	918204108
MFC	MANULIFE FINL CORP	11,520	$216K	0.1%	$18.75 *	$18.93	-6.9%	COM	56501R106