Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	HOSPITALITY PPTYS TR	1,305,923	$37.36M	12.8%	$31.02	—	—	44106M102
—	VEREIT INC	4,481,910	$33.35M	11.4%	$7.82	—	—	92339V100
O	REALTY INCOME CORP	398,337	$21.43M	7.3%	$27.24	+29.0%	—	756109104
CSX	CSX CORP	329,953	$21.05M	7.2%	$9.39	+98.1%	—	126408103
NRG	NRG ENERGY INC	622,680	$19.12M	6.6%	$19.84	+35.1%	—	629377508
T	AT&T INC	510,124	$16.38M	5.6%	$14.56	-0.2%	—	00206R102
USB	US BANCORP DEL	295,320	$14.77M	5.1%	$29.16	+27.7%	—	902973304
GBX	GREENBRIER COS INC	264,007	$13.93M	4.8%	$41.66	-9.2%	—	393657101
—	GENERAL ELECTRIC CO	897,883	$12.22M	4.2%	$27.77	—	—	369604103
GATX	GATX CORP	158,723	$11.78M	4.0%	$45.70	+31.4%	—	361448103
CAT	CATERPILLAR INC DEL	85,300	$11.57M	4.0%	$72.87	+73.6%	—	149123101
JPM	JPMORGAN CHASE & CO	98,878	$10.3M	3.5%	$46.94	+89.6%	—	46625H100
R	RYDER SYS INC	103,275	$7.421M	2.5%	$89.24	-21.5%	—	783549108
COP	CONOCOPHILLIPS	105,554	$7.348M	2.5%	$39.12	+32.4%	—	20825C104
—	LEXINGTON REALTY TRUST	700,300	$6.113M	2.1%	$8.26	—	—	529043101
FCX	FREEPORT-MCMORAN INC	263,692	$4.551M	1.6%	$17.69	-12.8%	—	35671D857
—	ROYAL DUTCH SHELL PLC	60,000	$4.359M	1.5%	$57.37	—	—	780259107
EVRG	EVERGY INC	74,981	$4.21M	1.4%	$40.03	0.0%	—	30034W106
BAC	BANK AMER CORP	141,936	$4.002M	1.4%	$18.67	+33.1%	—	060505104
NSC	NORFOLK SOUTHERN CORP	20,800	$3.138M	1.1%	$85.81	+46.0%	—	655844108
PG	PROCTER AND GAMBLE CO	37,438	$2.922M	1.0%	$65.16	-5.2%	—	742718109
UNP	UNION PAC CORP	19,584	$2.775M	1.0%	$89.46	+31.6%	—	907818108
XOM	EXXON MOBIL CORP	31,136	$2.576M	0.9%	$58.00	-3.2%	—	30231G102
APLE	APPLE HOSPITALITY REIT INC	122,884	$2.197M	0.8%	$18.79	—	—	03784Y200
—	ROYAL DUTCH SHELL PLC	31,500	$2.181M	0.7%	$66.98	—	—	780259206
RMR	RMR GROUP INC	20,339	$1.595M	0.5%	$7.12	+483.7%	—	74967R106
DUK	DUKE ENERGY CORP NEW	19,040	$1.506M	0.5%	$50.97	+10.7%	—	26441C204
—	CORENERGY INFRASTRUCTURE TR	34,385	$1.293M	0.4%	$37.22	—	—	21870U502
SO	SOUTHERN CO	24,200	$1.121M	0.4%	$29.49	+11.4%	—	842587107
IP	INTL PAPER CO	20,549	$1.07M	0.4%	$22.81	+59.4%	—	460146103
JNJ	JOHNSON & JOHNSON	8,600	$1.044M	0.4%	$77.70	+29.6%	—	478160104
EPR	EPR PPTYS	15,120	$980K	0.3%	$58.00	—	—	26884U109
ALL	ALLSTATE CORP	7,416	$676K	0.2%	$51.61	+54.2%	—	020002101
—	HANCOCK JOHN FINL OPPTYS FD	16,750	$623K	0.2%	$23.70	—	—	409735206
BMY	BRISTOL MYERS SQUIBB CO	6,580	$364K	0.1%	$39.06	+4.0%	—	110122108
—	DOWDUPONT INC	5,264	$348K	0.1%	$69.15	—	—	26078J100
CVX	CHEVRON CORP NEW	2,717	$344K	0.1%	$70.45	+26.5%	—	166764100
DIS	DISNEY WALT CO	3,262	$342K	0.1%	$100.98	-3.8%	—	254687106
LUV	SOUTHWEST AIRLS CO	6,217	$316K	0.1%	$32.78	+45.7%	—	844741108
MS	MORGAN STANLEY	6,540	$310K	0.1%	$22.85	+81.3%	—	617446448
VFC	V F CORP	3,800	$310K	0.1%	$65.70	+14.7%	—	918204108
WMT	WALMART INC	3,420	$293K	0.1%	$22.55	+12.0%	—	931142103
VZ	VERIZON COMMUNICATIONS INC	5,684	$286K	0.1%	$28.25	+14.0%	—	92343V104
MSFT	MICROSOFT CORP	2,812	$277K	0.1%	$85.27	+5.3%	—	594918104
IWR	ISHARES TR	1,261	$268K	0.1%	$179.58	—	—	464287499
—	DISCOVER FINL SVCS	3,739	$263K	0.1%	$53.76	—	—	254709108
BXP	BOSTON PROPERTIES INC	2,000	$251K	0.1%	$79.21	+7.9%	—	101121101
—	ANADARKO PETE CORP	3,360	$246K	0.1%	$60.42	—	—	032511107
MFC	MANULIFE FINL CORP	11,520	$207K	0.1%	$18.93	-0.4%	—	56501R106
PEP	PEPSICO INC	1,890	$205K	0.1%	$88.99	-8.2%	—	713448108
PSX	PHILLIPS 66	1,803	$203K	0.1%	$83.14	0.0%	—	718546104