The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Altria Group, Inc. COM 02209S103 744 11,005 SH   SOLE   6,390 0 4,615
Amerigas Partners LP UNIT LTD PARTN 030975106 2,088 43,581 SH   SOLE   37,321 0 6,260
Armada Hoffler Properties, Inc COM 04208T108 525 36,040 SH   SOLE   29,115 0 6,925
Buckeye Partners LP UNIT LTD PARTN 118230101 2,014 30,448 SH   SOLE   25,098 0 5,350
Chesapeake Utilities Corp. COM 165303108 1,060 15,828 SH   SOLE   11,039 0 4,789
Cominar REIT COM 199910951 265 24,135 SH   SOLE   23,615 0 520
Commonwealth Bank of Australia COM 621503002 1,423 23,843 SH   SOLE   18,533 0 5,310
Crombie REIT COM 227107976 159 15,710 SH   SOLE   15,450 0 260
DCP Midstream Partners LP UNIT LTD PARTN 23311P100 845 22,026 SH   SOLE   15,691 0 6,335
Energias de Portugal, SA ADR ADR 268353109 862 28,128 SH   SOLE   28,128 0 0
Enerplus Resources Fund Trust COM 292766102 486 51,307 SH   SOLE   37,382 0 13,925
Enterprise Products Partners L UNIT LTD PARTN 293792107 1,795 66,387 SH   SOLE   54,471 0 11,916
Ferrellgas Partners LP UNIT LTD PARTN 315293100 189 27,955 SH   SOLE   26,255 0 1,700
Gaztransport et Technigaz SAS COM ACI07W296 1,259 29,036 SH   SOLE   22,606 0 6,430
Genworth MI Canada Inc. COM 37252B953 745 29,692 SH   SOLE   29,692 0 0
Gladstone Commercial Corp. COM 376536108 1,365 67,908 SH   SOLE   60,253 0 7,655
Global Partners LP UNIT LTD PARTN 37946R109 689 35,446 SH   SOLE   31,101 0 4,345
H&R REIT COM 404428955 373 22,352 SH   SOLE   21,841 0 511
Kinder Morgan, Inc. COM 49456B101 386 18,623 SH   SOLE   10,633 0 7,990
Labrador Iron Ore Royalty Corp COM 505440966 841 60,550 SH   SOLE   38,930 0 21,620
Martin Midstream Partners LP UNIT LTD PARTN 573331105 277 15,103 SH   SOLE   13,828 0 1,275
Monmouth Real Estate Investmen COM 609720107 2,412 158,243 SH   SOLE   154,218 0 4,025
National Grid PLC ADS ADR 636274300 1,076 18,447 SH   SOLE   13,387 0 5,060
ONE Gas, Inc. COM 68235P108 717 11,212 SH   SOLE   6,077 0 5,135
ONEOK Inc. COM 682680103 288 5,024 SH   SOLE   473 0 4,551
ONEOK Partners LP UNIT LTD PARTN 68268N103 1,486 34,544 SH   SOLE   30,674 0 3,870
Plains All American Pipeline L UNIT LTD PARTN 726503105 1,051 32,542 SH   SOLE   26,972 0 5,570
Precinct Properties New Zealan COM 609327903 692 827,050 SH   SOLE   827,050 0 0
Realty Income Corp. COM 756109104 1,145 19,919 SH   SOLE   14,242 0 5,677
Sabra Health Care REIT COM 78573L106 715 29,280 SH   SOLE   18,805 0 10,475
Ship Finance International Ltd COM G81075106 671 45,165 SH   SOLE   35,830 0 9,335
Suburban Propane Partners LP UNIT LTD PARTN 864482104 444 14,765 SH   SOLE   13,355 0 1,410
Sunoco Logistics Partners LP UNIT LTD PARTN 86764L108 1,338 55,685 SH   SOLE   45,350 0 10,335
TC Pipelines LP UNIT LTD PARTN 87233Q108 2,188 37,182 SH   SOLE   31,826 0 5,356
Teekay LNG Partners LP UNIT LTD PARTN Y8564M105 238 16,500 SH   SOLE   13,100 0 3,400
Total SA ADR ADR 89151E109 720 14,119 SH   SOLE   12,559 0 1,560
USA Compression Partners LP UNIT LTD PARTN 90290N109 481 27,826 SH   SOLE   23,261 0 4,565
Urstadt Biddle Properties Inc. COM 917286205 1,313 54,468 SH   SOLE   44,308 0 10,160
Verizon Communications Inc. COM 92343V104 847 15,869 SH   SOLE   10,958 0 4,911
Vermilion Energy Trust COM 923725956 443 10,509 SH   SOLE   9,979 0 530
Air Products & Chemicals Inc. COM 009158106 1,463 10,174 SH   SOLE   9,184 0 990
Anadarko Petroleum Corp. COM 032511107 942 13,511 SH   SOLE   12,086 0 1,425
Apache Corp. COM 037411105 551 8,680 SH   SOLE   7,100 0 1,580
AptarGroup, Inc. COM 038336103 1,750 23,829 SH   SOLE   18,573 0 5,256
AstroNova, Inc. COM 04638F108 205 14,372 SH   SOLE   9,422 0 4,950
Automatic Data Processing Inc. COM 053015103 2,556 24,867 SH   SOLE   19,840 0 5,027
Avery Dennison Corp. COM 053611109 1,366 19,452 SH   SOLE   15,665 0 3,787
Bank of Ireland COM 306062902 263 1,061,540 SH   SOLE   1,061,540 0 0
Bemis Co. Inc. COM 081437105 1,351 28,243 SH   SOLE   27,953 0 290
Breitburn Energy Partners LP UNIT LTD PARTN 106776107 10 41,149 SH   SOLE   18,994 0 22,155
C.R. Bard Inc. COM 067383109 1,386 6,170 SH   SOLE   4,139 0 2,031
CDK Global Holdings LLC COM 12508E101 794 13,302 SH   SOLE   10,708 0 2,594
Church & Dwight Company, Inc. COM 171340102 493 11,157 SH   SOLE   8,075 0 3,082
Colgate-Palmolive Co. COM 194162103 2,180 33,310 SH   SOLE   27,217 0 6,093
Comcast Corp. COM 20030N101 690 9,996 SH   SOLE   4,514 0 5,482
Credito Real Sofom ENR COM B8DST5905 253 190,658 SH   SOLE   190,658 0 0
Cummins Inc. COM 231021106 471 3,447 SH   SOLE   2,897 0 550
Dentsply Sirona Inc. COM 24906P109 562 9,736 SH   SOLE   7,717 0 2,019
Ecolab, Inc. COM 278865100 400 3,415 SH   SOLE   2,255 0 1,160
Emerson Electric Co. COM 291011104 1,510 27,085 SH   SOLE   21,510 0 5,575
FB Financial Corp. COM 30257X104 643 24,760 SH   SOLE   16,510 0 8,250
Fastenal Co. COM 311900104 384 8,170 SH   SOLE   6,350 0 1,820
Ferroglobe PLC COM G33856108 115 10,610 SH   SOLE   10,610 0 0
Fiserv Inc. COM 337738108 2,398 22,563 SH   SOLE   18,117 0 4,446
General Mills Inc. COM 370334104 2,007 32,487 SH   SOLE   27,369 0 5,118
Givaudan SA ADR ADR 37636P108 661 18,099 SH   SOLE   14,539 0 3,560
Graco, Inc. COM 384109104 1,677 20,180 SH   SOLE   17,109 0 3,071
Grainger, WW Inc. COM 384802104 1,265 5,446 SH   SOLE   4,404 0 1,042
Grupo Aeroportuario Del Pacifi COM 400506101 1,535 18,602 SH   SOLE   18,442 0 160
HFF Inc. COM 40418F108 213 7,050 SH   SOLE   7,050 0 0
Hasbro Inc. COM 418056107 401 5,155 SH   SOLE   2,595 0 2,560
Heineken NV ADR ADR 423012301 1,968 52,615 SH   SOLE   43,389 0 9,226
Honeywell International Inc. COM 438516106 1,002 8,645 SH   SOLE   6,795 0 1,850
Hormel Foods Corp. COM 440452100 2,360 67,807 SH   SOLE   54,899 0 12,908
Hubbell Inc. COM 443510607 941 8,065 SH   SOLE   6,000 0 2,065
IMI PLC COM BGLP8L902 262 20,425 SH   SOLE   20,425 0 0
ITT Corp. COM 45073V108 1,162 30,129 SH   SOLE   27,429 0 2,700
Illinois Tool Works Inc. COM 452308109 551 4,500 SH   SOLE   2,980 0 1,520
Imperial Oil Ltd. COM 453038408 249 7,153 SH   SOLE   7,093 0 60
Infraestructura COM B84XBP909 206 47,000 SH   SOLE   47,000 0 0
Ingredion Inc. COM 457187102 2,625 21,006 SH   SOLE   17,736 0 3,270
International Flavors & Fragra COM 459506101 955 8,105 SH   SOLE   6,035 0 2,070
Johnson Controls International COM G51502105 852 20,682 SH   SOLE   19,747 0 935
Kimberly-Clark Corp. COM 494368103 1,228 10,758 SH   SOLE   8,352 0 2,406
LKQ Corp. COM 501889208 407 13,263 SH   SOLE   11,113 0 2,150
Leggett & Platt Inc. COM 524660107 1,060 21,689 SH   SOLE   16,920 0 4,769
Lincoln Electric Holdings Inc. COM 533900106 773 10,085 SH   SOLE   5,515 0 4,570
McCormick & Company, Inc. COM 579780206 1,601 17,150 SH   SOLE   15,099 0 2,051
McDonald's Corp. COM 580135101 1,606 13,194 SH   SOLE   11,114 0 2,080
Mechel Open Joint Stock Co. AD ADR 583840608 92 16,051 SH   SOLE   16,051 0 0
Mettler-Toledo International, COM 592688105 1,368 3,268 SH   SOLE   2,915 0 353
Myriad Genetics Inc. COM 62855J104 269 16,132 SH   SOLE   7,664 0 8,468
Nordson Corp. COM 655663102 721 6,438 SH   SOLE   3,928 0 2,510
Norfolk & Southern Corp. COM 655844108 1,709 15,812 SH   SOLE   14,682 0 1,130
Novartis AG ADR ADR 66987V109 1,072 14,719 SH   SOLE   10,885 0 3,834
Novolipetsk GDR ADR B0RTNX900 292 15,715 SH   SOLE   15,715 0 0
Occidental Petroleum Corp. COM 674599105 546 7,663 SH   SOLE   7,623 0 40
Omnicom Group COM 681919106 2,280 26,786 SH   SOLE   20,754 0 6,032
Parker Hannifin Corp. COM 701094104 1,340 9,568 SH   SOLE   6,318 0 3,250
Paychex, Inc. COM 704326107 1,729 28,392 SH   SOLE   21,611 0 6,781
Pengrowth Energy Trust COM 70706P104 95 66,959 SH   SOLE   64,959 0 2,000
Praxair, Inc. COM 74005P104 1,482 12,647 SH   SOLE   11,227 0 1,420
Prosperity Bancshares Inc. COM 743606105 2,342 32,631 SH   SOLE   25,206 0 7,425
Qiwi PLC COM 74735M108 140 10,945 SH   SOLE   10,525 0 420
Reckitt Benckiser PLC COM B24CGK904 453 5,325 SH   SOLE   5,325 0 0
Reliq Health Technologies Inc. COM 75955T103 2 20,000 SH   SOLE   20,000 0 0
Schneider Electric SA COM 483410007 1,034 14,829 SH   SOLE   12,519 0 2,310
Sherwin-Williams Co. COM 824348106 1,451 5,398 SH   SOLE   4,540 0 858
Smith & Nephew PLC COM 83175M205 773 25,714 SH   SOLE   25,004 0 710
St. Gobain SA COM 738048909 791 16,952 SH   SOLE   16,842 0 110
Straumann Holdings AG COM 715683900 495 1,265 SH   SOLE   740 0 525
Sunstone Hotel Investors Inc. COM 867892101 205 13,417 SH   SOLE   13,417 0 0
Synchrony Financial COM 87165B103 1,003 27,664 SH   SOLE   16,085 0 11,579
Tennant Co. COM 880345103 803 11,275 SH   SOLE   8,935 0 2,340
The Clorox Co. COM 189054109 681 5,677 SH   SOLE   5,622 0 55
Toronto Dominion Bank COM 891160509 1,881 38,133 SH   SOLE   29,628 0 8,505
US Physical Therapy Inc. COM 90337L108 1,427 20,334 SH   SOLE   17,307 0 3,027
Xylem, Inc. COM 98419M100 904 18,247 SH   SOLE   14,682 0 3,565
Yandex NV COM N97284108 280 13,900 SH   SOLE   13,900 0 0