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 794 11,120 SH   SOLE   6,390 0 4,730
Amerigas Partners LP UNIT LTD PARTN 030975106 2,056 43,668 SH   SOLE   37,371 0 6,297
Armada Hoffler Properties, Inc COM 04208T108 565 40,690 SH   SOLE   33,540 0 7,150
Bonterra Energy Corp. COM 098546104 481 27,986 SH   SOLE   21,636 0 6,350
Buckeye Partners LP UNIT LTD PARTN 118230101 2,106 30,718 SH   SOLE   25,208 0 5,510
Chesapeake Utilities Corp. COM 165303108 1,162 16,786 SH   SOLE   11,919 0 4,867
Cominar REIT COM 199910951 270 25,035 SH   SOLE   24,515 0 520
Commonwealth Bank of Australia COM 621503002 1,572 23,993 SH   SOLE   18,533 0 5,460
Crombie REIT COM 227107976 165 15,840 SH   SOLE   15,450 0 390
DCP Midstream Partners LP UNIT LTD PARTN 23311P100 884 22,526 SH   SOLE   15,991 0 6,535
Energias de Portugal, SA ADR ADR 268353109 960 28,203 SH   SOLE   28,203 0 0
Enterprise Products Partners L UNIT LTD PARTN 293792107 1,847 66,896 SH   SOLE   54,846 0 12,050
Ferrellgas Partners LP UNIT LTD PARTN 315293100 168 28,025 SH   SOLE   26,325 0 1,700
Gaztransport et Technigaz SAS COM ACI07W296 1,107 29,356 SH   SOLE   22,606 0 6,750
Genworth MI Canada Inc. COM 37252B953 819 29,692 SH   SOLE   29,692 0 0
Gladstone Commercial Corp. COM 376536108 1,422 68,778 SH   SOLE   60,723 0 8,055
Global Partners LP UNIT LTD PARTN 37946R109 691 35,446 SH   SOLE   31,101 0 4,345
H&R REIT COM 404428955 387 22,352 SH   SOLE   21,841 0 511
Kinder Morgan, Inc. COM 49456B101 938 43,140 SH   SOLE   33,034 0 10,106
LTC Properties Inc. COM 502175102 225 4,700 SH   SOLE   1,550 0 3,150
Labrador Iron Ore Royalty Corp COM 505440966 859 61,440 SH   SOLE   38,930 0 22,510
Martin Midstream Partners LP UNIT LTD PARTN 573331105 303 15,173 SH   SOLE   13,828 0 1,345
Monmouth Real Estate Investmen COM 609720107 2,266 158,778 SH   SOLE   154,593 0 4,185
National Grid PLC ADS ADR 636274300 1,185 18,672 SH   SOLE   13,392 0 5,280
ONE Gas, Inc. COM 68235P108 770 11,392 SH   SOLE   6,077 0 5,315
ONEOK Inc. COM 682680103 290 5,237 SH   SOLE   473 0 4,764
ONEOK Partners LP UNIT LTD PARTN 68268N103 1,884 34,904 SH   SOLE   30,899 0 4,005
Plains All American Pipeline L UNIT LTD PARTN 726503105 1,037 32,802 SH   SOLE   27,062 0 5,740
Precinct Properties New Zealan COM 609327903 705 827,050 SH   SOLE   827,050 0 0
Realty Income Corp. COM 756109104 1,198 20,129 SH   SOLE   14,242 0 5,887
Rostelecom Long Distance ADR ADR 778529107 321 39,205 SH   SOLE   39,205 0 0
Sabra Health Care REIT COM 78573L106 827 29,595 SH   SOLE   18,805 0 10,790
Ship Finance International Ltd COM G81075106 679 46,190 SH   SOLE   36,480 0 9,710
Spectra Energy Partners LP UNIT LTD PARTN 84756N109 680 15,565 SH   SOLE   12,035 0 3,530
Suburban Propane Partners LP UNIT LTD PARTN 864482104 400 14,850 SH   SOLE   13,440 0 1,410
Sunoco Logistics LP UNIT LTD PARTN 86764L108 1,352 55,350 SH   SOLE   44,700 0 10,650
TC Pipelines LP UNIT LTD PARTN 87233Q108 2,232 37,412 SH   SOLE   31,866 0 5,546
Teekay LNG Partners LP UNIT LTD PARTN Y8564M105 293 16,680 SH   SOLE   13,150 0 3,530
Total SA ADR ADR 89151E109 715 14,189 SH   SOLE   12,599 0 1,590
USA Compression Partners LP UNIT LTD PARTN 90290N109 473 28,016 SH   SOLE   23,301 0 4,715
Urstadt Biddle Properties Inc. COM 917286205 978 47,579 SH   SOLE   37,239 0 10,340
Verizon Communications Inc. COM 92343V104 776 15,928 SH   SOLE   10,958 0 4,970
Vermilion Energy Trust COM 923725956 396 10,579 SH   SOLE   9,979 0 600
Air Products & Chemicals Inc. COM 009158106 1,385 10,234 SH   SOLE   9,184 0 1,050
Anadarko Petroleum Corp. COM 032511107 842 13,576 SH   SOLE   12,111 0 1,465
Apache Corp. COM 037411105 449 8,735 SH   SOLE   7,100 0 1,635
AptarGroup, Inc. COM 038336103 1,835 23,839 SH   SOLE   18,608 0 5,231
AstroNova, Inc. COM 04638F108 222 14,562 SH   SOLE   9,422 0 5,140
Automatic Data Processing Inc. COM 053015103 2,544 24,850 SH   SOLE   19,845 0 5,005
Avery Dennison Corp. COM 053611109 1,569 19,472 SH   SOLE   15,665 0 3,807
Bank of Ireland COM 306062902 264 1,061,540 SH   SOLE   1,061,540 0 0
Bemis Co. Inc. COM 081437105 1,380 28,253 SH   SOLE   27,963 0 290
Breitburn Energy Partners LP UNIT LTD PARTN 106776107 12 154,074 SH   SOLE   130,994 0 23,080
C.R. Bard Inc. COM 067383109 1,521 6,119 SH   SOLE   4,129 0 1,990
CDK Global Holdings LLC COM 12508E101 868 13,352 SH   SOLE   10,708 0 2,644
Church & Dwight Company, Inc. COM 171340102 562 11,267 SH   SOLE   8,075 0 3,192
Colgate-Palmolive Co. COM 194162103 2,442 33,370 SH   SOLE   27,212 0 6,158
Comcast Corp. COM 20030N101 743 19,757 SH   SOLE   8,938 0 10,819
Credito Real Sofom ENR COM B8DST5905 267 191,458 SH   SOLE   191,458 0 0
Cummins Inc. COM 231021106 519 3,432 SH   SOLE   2,897 0 535
Dentsply Sirona Inc. COM 24906P109 606 9,706 SH   SOLE   7,717 0 1,989
Ecolab, Inc. COM 278865100 434 3,465 SH   SOLE   2,275 0 1,190
Emerson Electric Co. COM 291011104 717 11,975 SH   SOLE   9,490 0 2,485
Enerplus Resources Fund Trust COM 292766102 661 82,098 SH   SOLE   65,368 0 16,730
FB Financial Corp. COM 30257X104 884 25,005 SH   SOLE   16,510 0 8,495
Fastenal Co. COM 311900104 427 8,300 SH   SOLE   6,350 0 1,950
Ferroglobe PLC COM G33856108 110 10,610 SH   SOLE   10,610 0 0
Fiserv Inc. COM 337738108 2,616 22,688 SH   SOLE   18,092 0 4,596
General Mills Inc. COM 370334104 1,077 18,255 SH   SOLE   14,250 0 4,005
Givaudan SA ADR ADR 37636P108 658 18,269 SH   SOLE   14,539 0 3,730
Graco, Inc. COM 384109104 1,893 20,110 SH   SOLE   17,109 0 3,001
Grainger, WW Inc. COM 384802104 1,276 5,481 SH   SOLE   4,404 0 1,077
Grupo Aeroportuario Del Pacifi ADR 400506101 1,735 17,872 SH   SOLE   16,117 0 1,755
Hasbro Inc. COM 418056107 504 5,050 SH   SOLE   2,485 0 2,565
Heineken NV ADR ADR 423012301 1,197 28,196 SH   SOLE   22,715 0 5,481
Honeywell International Inc. COM 438516106 1,080 8,650 SH   SOLE   6,800 0 1,850
Hormel Foods Corp. COM 440452100 2,353 67,952 SH   SOLE   54,789 0 13,163
Hubbell Inc. COM 443510607 967 8,055 SH   SOLE   6,005 0 2,050
IMI PLC COM BGLP8L902 305 20,425 SH   SOLE   20,425 0 0
ITT Corp. COM 45073V108 1,244 30,329 SH   SOLE   27,429 0 2,900
Illinois Tool Works Inc. COM 452308109 605 4,570 SH   SOLE   2,980 0 1,590
Imperial Oil Ltd. COM 453038408 219 7,183 SH   SOLE   7,123 0 60
Infraestructura Energ Nov COM B84XBP909 223 47,150 SH   SOLE   47,150 0 0
Ingredion Inc. COM 457187102 2,243 18,626 SH   SOLE   15,336 0 3,290
International Flavors & Fragra COM 459506101 1,078 8,135 SH   SOLE   6,035 0 2,100
Johnson Controls International COM G51502105 873 20,732 SH   SOLE   19,797 0 935
Kimberly-Clark Corp. COM 494368103 1,414 10,743 SH   SOLE   8,352 0 2,391
LKQ Corp. COM 501889208 391 13,343 SH   SOLE   11,113 0 2,230
Leggett & Platt Inc. COM 524660107 1,090 21,654 SH   SOLE   16,905 0 4,749
Lincoln Electric Holdings Inc. COM 533900106 886 10,205 SH   SOLE   5,500 0 4,705
McCormick & Company, Inc. COM 579780206 1,680 17,225 SH   SOLE   15,099 0 2,126
McDonald's Corp. COM 580135101 1,712 13,209 SH   SOLE   11,114 0 2,095
Mechel Open Joint Stock Co. AD ADR 583840608 85 16,051 SH   SOLE   16,051 0 0
Mettler-Toledo International, COM 592688105 1,579 3,298 SH   SOLE   2,915 0 383
Myriad Genetics Inc. COM 62855J104 315 16,382 SH   SOLE   7,664 0 8,718
Nordson Corp. COM 655663102 798 6,498 SH   SOLE   3,928 0 2,570
Norfolk & Southern Corp. COM 655844108 1,482 13,233 SH   SOLE   12,183 0 1,050
Novartis AG ADR ADR 66987V109 1,092 14,709 SH   SOLE   10,885 0 3,824
Novolipetsk GDR ADR B0RTNX900 313 15,715 SH   SOLE   15,715 0 0
Occidental Petroleum Corp. COM 674599105 487 7,688 SH   SOLE   7,648 0 40
Omnicom Group COM 681919106 2,314 26,836 SH   SOLE   20,719 0 6,117
Parker Hannifin Corp. COM 701094104 1,532 9,553 SH   SOLE   6,298 0 3,255
Paychex, Inc. COM 704326107 1,663 28,237 SH   SOLE   21,646 0 6,591
Pengrowth Energy Trust COM 70706P104 153 152,784 SH   SOLE   150,784 0 2,000
Praxair, Inc. COM 74005P104 1,509 12,727 SH   SOLE   11,217 0 1,510
Prosperity Bancshares Inc. COM 743606105 2,283 32,746 SH   SOLE   25,146 0 7,600
Qiwi PLC COM 74735M108 188 10,945 SH   SOLE   10,525 0 420
Reliq Health Technologies Inc. COM 75955T103 2 20,000 SH   SOLE   20,000 0 0
Schneider Electric SA COM 483410007 1,095 14,919 SH   SOLE   12,519 0 2,400
Sherwin-Williams Co. COM 824348106 1,690 5,448 SH   SOLE   4,540 0 908
Smith & Nephew PLC COM 83175M205 795 25,714 SH   SOLE   25,004 0 710
Snap-on, Inc. COM 833034101 769 4,560 SH   SOLE   3,615 0 945
St. Gobain SA COM 738048909 873 16,952 SH   SOLE   16,842 0 110
Straumann Holdings AG COM 715683900 597 1,285 SH   SOLE   740 0 545
Sunstone Hotel Investors Inc. COM 867892101 206 13,417 SH   SOLE   13,417 0 0
Synchrony Financial COM 87165B103 944 27,509 SH   SOLE   16,035 0 11,474
Tennant Co. COM 880345103 826 11,370 SH   SOLE   8,935 0 2,435
The Clorox Co. COM 189054109 765 5,677 SH   SOLE   5,622 0 55
Toronto Dominion Bank COM 891160509 1,525 30,450 SH   SOLE   25,355 0 5,095
US Physical Therapy Inc. COM 90337L108 947 14,497 SH   SOLE   11,800 0 2,697
Xylem, Inc. COM 98419M100 910 18,112 SH   SOLE   14,682 0 3,430
Yandex NV COM N97284108 305 13,900 SH   SOLE   13,900 0 0