Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	HOSPITALITY PPTYS TR	1,248,153	$35.56M	13.5%	$28.49	$31.12	—	COM SH BEN INT	44106M102
O	REALTY INCOME CORP	397,041	$22.71M	8.6%	$57.19 *	$27.24	+36.5%	COM	756109104
—	GENERAL ELECTRIC CO	884,243	$21.38M	8.1%	$24.18	$27.90	—	COM	369604103
CSX	CSX CORP	329,953	$17.9M	6.8%	$54.26 *	$9.39	+63.2%	COM	126408103
GATX	GATX CORP	288,948	$17.79M	6.8%	$61.56 *	$45.70	+12.6%	COM	361448103
—	VEREIT INC	2,041,004	$16.92M	6.4%	$8.29	$8.07	—	COM	92339V100
NRG	NRG ENERGY INC	623,760	$15.96M	6.1%	$25.59 *	$19.84	-1.5%	COM NEW	629377508
USB	US BANCORP DEL	295,320	$15.83M	6.0%	$53.59 *	$29.16	+29.5%	COM NEW	902973304
GBX	GREENBRIER COS INC	264,007	$12.71M	4.8%	$48.15 *	$41.66	-16.8%	COM	393657101
CAT	CATERPILLAR INC DEL	85,430	$10.65M	4.0%	$124.71 *	$72.87	+31.8%	COM	149123101
JPM	JPMORGAN CHASE & CO	94,122	$8.989M	3.4%	$95.50 *	$44.70	+64.8%	COM	46625H100
R	RYDER SYS INC	104,865	$8.866M	3.4%	$84.55 *	$89.24	-15.2%	COM	783549108
—	LEXINGTON REALTY TRUST	676,000	$6.909M	2.6%	$10.22	$8.21	—	COM	529043101
COP	CONOCOPHILLIPS	107,041	$5.357M	2.0%	$50.05 *	$39.12	-12.0%	COM	20825C104
T	AT&T INC	108,549	$4.252M	1.6%	$39.17 *	$14.64	+6.6%	COM	00206R102
—	GREAT PLAINS ENERGY INC	125,366	$3.799M	1.4%	$30.30	$28.36	—	COM	391164100
—	ROYAL DUTCH SHELL PLC	60,000	$3.752M	1.4%	$62.53	$57.37	—	SPON ADR B	780259107
FCX	FREEPORT-MCMORAN INC	263,692	$3.702M	1.4%	$14.04 *	$17.69	-28.0%	CL B	35671D857
PG	PROCTER AND GAMBLE CO	34,900	$3.175M	1.2%	$90.97 *	$64.60	+13.0%	COM	742718109
NSC	NORFOLK SOUTHERN CORP	20,800	$2.751M	1.0%	$132.26 *	$85.81	+19.7%	COM	655844108
XOM	EXXON MOBIL CORP	31,136	$2.553M	1.0%	$82.00 *	$58.00	-6.3%	COM	30231G102
UNP	UNION PAC CORP	19,584	$2.271M	0.9%	$115.96 *	$89.46	-0.4%	COM	907818108
BAC	BANK AMER CORP	79,936	$2.026M	0.8%	$25.35 *	$13.44	+48.5%	COM	060505104
APLE	APPLE HOSPITALITY REIT INC	104,884	$1.984M	0.8%	$18.92	$18.86	—	COM NEW	03784Y200
—	ROYAL DUTCH SHELL PLC	31,500	$1.908M	0.7%	$60.57	$66.98	—	SPONS ADR A	780259206
DUK	DUKE ENERGY CORP NEW	19,040	$1.598M	0.6%	$83.93 *	$50.97	+19.3%	COM NEW	26441C204
SO	SOUTHERN CO	24,200	$1.189M	0.5%	$49.13 *	$29.49	+16.3%	COM	842587107
IP	INTL PAPER CO	20,549	$1.168M	0.4%	$56.84 *	$22.81	+60.1%	COM	460146103
JNJ	JOHNSON & JOHNSON	8,700	$1.131M	0.4%	$130.00 *	$77.70	+35.1%	COM	478160104
EPR	EPR PPTYS	15,120	$1.054M	0.4%	$69.71	$58.00	—	COM SH BEN INT	26884U109
RMR	RMR GROUP INC	20,414	$1.049M	0.4%	$51.39 *	$7.12	+270.0%	CL A	74967R106
—	CALPINE CORP	67,303	$993K	0.4%	$14.75	$22.11	—	COM NEW	131347304
ALL	ALLSTATE CORP	7,416	$682K	0.3%	$91.96 *	$51.61	+45.6%	COM	020002101
—	HANCOCK JOHN FINL OPPTYS FD	16,750	$624K	0.2%	$37.25	$23.70	—	SH BEN INT NEW	409735206
BMY	BRISTOL MYERS SQUIBB CO	6,640	$423K	0.2%	$63.70 *	$39.06	+10.4%	COM	110122108
—	DOWDUPONT INC	5,264	$364K	0.1%	$69.15	$69.15	—	COM	26078J100
LUV	SOUTHWEST AIRLS CO	6,217	$348K	0.1%	$55.98 *	$32.78	+54.3%	COM	844741108
CVX	CHEVRON CORP NEW	2,957	$347K	0.1%	$117.35 *	$70.45	+8.2%	COM	166764100
MS	MORGAN STANLEY	6,540	$315K	0.1%	$48.17 *	$22.85	+58.7%	COM NEW	617446448
VZ	VERIZON COMMUNICATIONS INC	5,324	$263K	0.1%	$49.40 *	$27.98	+8.0%	COM	92343V104
WMT	WAL-MART STORES INC	3,245	$254K	0.1%	$78.27 *	$21.91	+4.5%	COM	931142103
BXP	BOSTON PROPERTIES INC	2,000	$246K	0.1%	$123.00 *	$79.21	+5.7%	COM	101121101
IWR	ISHARES TR	1,237	$244K	0.1%	$197.25	$179.03	—	RUS MID CAP ETF	464287499
—	DISCOVER FINL SVCS	3,739	$242K	0.1%	$64.72	$53.76	—	COM	254709108
DIS	DISNEY WALT CO	2,458	$242K	0.1%	$98.45	$102.05	-5.0%	COM DISNEY	254687106
VFC	V F CORP	3,800	$242K	0.1%	$63.68 *	$65.70	-12.2%	COM	918204108
MFC	MANULIFE FINL CORP	11,520	$234K	0.1%	$20.31 *	$18.93	+5.0%	COM	56501R106
—	CORENERGY INFRASTRUCTURE TR	5,780	$204K	0.1%	$35.29	$35.29	—	COM NEW	21870U502