1996 1099-DIV
| REIT |
Gross Distribution |
Taxable Ordinary Income |
Shares Outstanding |
Market Capitalization |
Total Dividends Paid |
Ratio |
Weight |
Wgtd. Ratio |
| Agree Realty Corporation |
1.80 |
1.24 |
2,649 |
56,632.53 |
4,769 |
0.6900 |
0.0008 |
0.0006 |
| Alexander Haagen Properties, Inc. |
1.44 |
0.35 |
12,024 |
177,354.62 |
17,315 |
0.2416 |
0.0025 |
0.0006 |
| Ambassador Apartments, Inc. |
1.60 |
0.00 |
8,959 |
211,645.15 |
14,334 |
0.0000 |
0.0030 |
0.0000 |
| American Health Properties, Inc. |
2.02 |
1.84 |
23,459 |
560,094.92 |
47,388 |
0.9109 |
0.0080 |
0.0073 |
| American Industrial Properties REIT |
0.04 |
0.00 |
9,075 |
20,419.65 |
363 |
0.0000 |
0.0003 |
0.0000 |
| Amli Residential Properties Trust |
1.72 |
1.16 |
14,583 |
340,887.86 |
25,084 |
0.6731 |
0.0049 |
0.0033 |
| Apartment Investment & Management Company |
1.70 |
1.45 |
13,971 |
394,674.54 |
23,750 |
0.8500 |
0.0056 |
0.0048 |
| Arbor Property Trust |
0.70 |
0.25 |
12,169 |
86,701.92 |
8,518 |
0.3559 |
0.0012 |
0.0004 |
| Arden Realty Group, Inc. |
0.36 |
0.36 |
21,680 |
598,896.19 |
7,805 |
1.0000 |
0.0085 |
0.0085 |
| Asset Investors Corporation |
0.37 |
0.37 |
24,738 |
89,673.81 |
9,153 |
1.0000 |
0.0013 |
0.0013 |
| Avalon Properties, Inc. |
1.49 |
1.16 |
33,386 |
959,861.65 |
49,746 |
0.7800 |
0.0137 |
0.0107 |
| Banyan Strategic Realty Trust |
0.40 |
0.27 |
10,479 |
40,606.01 |
4,192 |
0.6775 |
0.0006 |
0.0004 |
| Bay Apartment Communities |
1.61 |
1.30 |
18,996 |
683,859.17 |
30,584 |
0.8100 |
0.0097 |
0.0079 |
| Beacon Properties Corporation |
1.77 |
1.61 |
46,984 |
1,720,791.93 |
82,927 |
0.9121 |
0.0245 |
0.0223 |
| Bedford Property Investors, Inc. |
1.22 |
1.22 |
6,501 |
113,773.19 |
7,899 |
1.0000 |
0.0016 |
0.0016 |
| Boddie-Noell Properties, Inc. |
1.24 |
0.70 |
3,062 |
38,274.34 |
3,797 |
0.5630 |
0.0005 |
0.0003 |
| Boykin Lodging Trust |
0.28 |
0.00 |
9,516 |
228,390.00 |
2,700 |
0.0000 |
0.0033 |
0.0000 |
| Bradley Real Estate, Inc. |
1.32 |
0.90 |
21,650 |
389,700.00 |
28,578 |
0.6855 |
0.0055 |
0.0038 |
| Brandywine Realty Trust |
0.82 |
0.09 |
7,261 |
141,592.41 |
5,954 |
0.1150 |
0.0020 |
0.0002 |
| BRE Properties, Inc. |
1.33 |
1.22 |
32,849 |
813,012.75 |
43,673 |
0.9200 |
0.0116 |
0.0106 |
| Burnham Pacific Properties, Inc. |
1.00 |
0.00 |
17,090 |
256,356.78 |
17,090 |
0.0000 |
0.0036 |
0.0000 |
| Cali Realty Corporation |
1.73 |
1.73 |
34,031 |
1,050,719.29 |
58,704 |
1.0000 |
0.0150 |
0.0150 |
| CarrAmerica Realty Corporation |
1.75 |
1.66 |
35,536 |
1,039,433.53 |
62,188 |
0.9500 |
0.0148 |
0.0141 |
| CenterPoint Properties |
1.62 |
0.79 |
17,373 |
568,979.37 |
28,145 |
0.4895 |
0.0081 |
0.0040 |
| Charles E. Smith Residential Realty |
1.98 |
1.22 |
9,958 |
291,260.53 |
19,666 |
0.6200 |
0.0041 |
0.0026 |
| Chicago Dock and Canal Trust, The |
0.22 |
0.22 |
5,786 |
140,317.78 |
1,273 |
1.0000 |
0.0020 |
0.0020 |
| Colonial Properties Trust |
2.00 |
1.51 |
17,657 |
536,327.94 |
35,314 |
0.7532 |
0.0076 |
0.0057 |
| Columbus Realty Trust |
1.56 |
0.99 |
12,981 |
295,320.16 |
20,251 |
0.6330 |
0.0042 |
0.0027 |
| Commercial Assets, Inc. |
0.72 |
0.72 |
10,316 |
69,631.72 |
7,427 |
1.0000 |
0.0010 |
0.0010 |
| Commercial Net Lease Realty, Inc. |
1.18 |
1.06 |
20,764 |
329,623.29 |
24,501 |
0.9017 |
0.0047 |
0.0042 |
| Continental Mortgage & Equity Trust |
0.89 |
0.00 |
4,145 |
47,664.61 |
3,689 |
0.0000 |
0.0007 |
0.0000 |
| Cousins Properties Incorporated |
1.12 |
0.99 |
28,771 |
809,189.69 |
32,224 |
0.8814 |
0.0115 |
0.0102 |
| Crescent Real Estate Equities, Inc. |
2.26 |
1.39 |
36,146 |
1,906,721.55 |
81,691 |
0.6170 |
0.0271 |
0.0167 |
| CRI Liquidating REIT, Inc. |
2.05 |
0.15 |
30,423 |
53,239.74 |
62,367 |
0.0749 |
0.0008 |
0.0001 |
| CRIIMI MAE Inc. |
1.22 |
0.91 |
31,374 |
396,098.81 |
38,276 |
0.7439 |
0.0056 |
0.0042 |
| Crown American Realty Trust |
0.80 |
0.35 |
27,578 |
206,831.75 |
22,062 |
0.4400 |
0.0029 |
0.0013 |
| Developers Diversified Realty Corporation |
2.40 |
1.90 |
21,628 |
802,927.51 |
51,906 |
0.7917 |
0.0114 |
0.0090 |
| Duke Realty Investments, Inc. |
2.00 |
1.98 |
29,482 |
1,135,048.76 |
58,964 |
0.9910 |
0.0162 |
0.0160 |
| EastGroup Properties |
1.92 |
1.92 |
7,030 |
192,456.21 |
13,498 |
1.0000 |
0.0027 |
0.0027 |
| Equity Inns, Inc. |
1.12 |
0.80 |
23,668 |
307,687.61 |
26,508 |
0.7130 |
0.0044 |
0.0031 |
| Equity Residential Properties Trust |
2.40 |
1.88 |
51,138 |
2,109,460.49 |
122,477 |
0.7857 |
0.0300 |
0.0236 |
| Essex Property Trust, Inc. |
1.72 |
0.96 |
11,592 |
340,504.72 |
19,938 |
0.5600 |
0.0048 |
0.0027 |
| Evans Withycombe Residential, Inc. |
1.58 |
1.01 |
18,274 |
383,746.50 |
28,872 |
0.6400 |
0.0055 |
0.0035 |
| Excel Realty Trust, Inc. |
1.81 |
1.71 |
17,641 |
447,632.31 |
31,930 |
0.9439 |
0.0064 |
0.0060 |
| FAC Realty Trust, Inc. |
0.75 |
0.19 |
12,129 |
80,356.69 |
9,097 |
0.2470 |
0.0011 |
0.0003 |
| Federal Realty Investment Trust |
1.65 |
1.44 |
35,879 |
973,207.59 |
59,200 |
0.8700 |
0.0139 |
0.0121 |
| FelCor Suite Hotels, Inc. |
1.92 |
1.70 |
23,298 |
824,177.96 |
44,733 |
0.8850 |
0.0117 |
0.0104 |
| First Industrial Realty Trust, Inc. |
1.97 |
1.30 |
29,888 |
907,844.39 |
58,804 |
0.6597 |
0.0129 |
0.0085 |
| First Washington Realty Trust, Inc. |
1.95 |
0.48 |
4,791 |
112,594.28 |
9,343 |
0.2440 |
0.0016 |
0.0004 |
| Franchise Finance Corporation of America |
1.80 |
1.58 |
40,512 |
1,119,134.03 |
72,921 |
0.8796 |
0.0159 |
0.0140 |
| Franklin Select Realty Trust |
0.00 |
0.00 |
12,251 |
68,911.88 |
0 |
0.0000 |
0.0010 |
0.0000 |
| G&L Realty Corp. |
1.36 |
0.79 |
4,063 |
69,062.50 |
5,525 |
0.5775 |
0.0010 |
0.0006 |
| Gables Residential Trust |
1.94 |
1.38 |
19,311 |
560,027.87 |
37,464 |
0.7090 |
0.0080 |
0.0057 |
| General Growth Properties, Inc. |
1.72 |
0.81 |
30,789 |
992,951.22 |
52,957 |
0.4698 |
0.0141 |
0.0066 |
| Glenborough Realty Trust |
0.90 |
0.90 |
9,662 |
170,284.87 |
8,695 |
1.0000 |
0.0024 |
0.0024 |
| Glimcher Realty Trust |
1.92 |
1.31 |
21,889 |
481,556.48 |
42,097 |
0.6832 |
0.0069 |
0.0047 |
| Health & Retirement Properties Trust |
1.41 |
1.06 |
66,718 |
1,284,328.47 |
94,073 |
0.7520 |
0.0183 |
0.0137 |
| Health Care Property Investors, Inc. |
2.30 |
2.12 |
28,678 |
1,003,713.69 |
65,958 |
0.9239 |
0.0143 |
0.0132 |
| Healthcare Realty Trust Inc. |
1.91 |
1.65 |
13,201 |
349,831.11 |
25,214 |
0.8656 |
0.0050 |
0.0043 |
| Highwoods Properties, Inc. |
1.86 |
1.50 |
35,636 |
1,202,715.00 |
66,283 |
0.8061 |
0.0171 |
0.0138 |
| Home Properties of New York, Inc. |
1.69 |
0.86 |
5,850 |
131,633.21 |
9,887 |
0.5110 |
0.0019 |
0.0010 |
| Horizon Group Inc. |
2.10 |
1.21 |
22,365 |
444,496.82 |
46,854 |
0.5790 |
0.0063 |
0.0037 |
| Hospitality Properties Trust |
2.34 |
2.00 |
26,857 |
778,847.20 |
62,845 |
0.8530 |
0.0111 |
0.0095 |
| Income Opportunity Realty Investors |
0.40 |
0.00 |
1,519 |
17,092.31 |
608 |
0.0000 |
0.0002 |
0.0000 |
| Innkeepers USA Trust |
0.90 |
0.71 |
22,298 |
309,391.66 |
20,069 |
0.7889 |
0.0044 |
0.0035 |
| IRT Property Company |
0.90 |
0.47 |
25,807 |
296,783.97 |
23,227 |
0.5200 |
0.0042 |
0.0022 |
| Irvine Apartment Communities |
1.44 |
1.18 |
18,489 |
462,224.50 |
26,624 |
0.8200 |
0.0066 |
0.0054 |
| Jameson Inns, Inc. |
0.87 |
0.57 |
7,315 |
96,924.35 |
6,364 |
0.6533 |
0.0014 |
0.0009 |
| JP Realty, Inc. |
1.70 |
1.48 |
15,874 |
410,728.18 |
26,906 |
0.8750 |
0.0058 |
0.0051 |
| Kimco Realty Corporation |
1.56 |
1.56 |
36,190 |
1,262,124.68 |
56,456 |
1.0000 |
0.0180 |
0.0180 |
| Kranzco Realty Trust |
1.92 |
0.00 |
10,331 |
174,343.64 |
19,836 |
0.0000 |
0.0025 |
0.0000 |
| Lexington Corporate Properties, Inc. |
1.10 |
1.05 |
9,402 |
137,502.74 |
10,342 |
0.9546 |
0.0020 |
0.0019 |
| Liberty Property Trust |
1.61 |
1.13 |
31,399 |
808,520.95 |
50,552 |
0.7010 |
0.0115 |
0.0081 |
| Macerich Company, The |
1.70 |
1.14 |
25,727 |
672,117.88 |
43,736 |
0.6700 |
0.0096 |
0.0064 |
| Malan Realty Investors, Inc. |
1.70 |
0.35 |
3,461 |
56,244.44 |
5,884 |
0.2060 |
0.0008 |
0.0002 |
| Manufactured Home Communities, Inc. |
1.22 |
0.90 |
24,733 |
575,049.36 |
30,175 |
0.7355 |
0.0082 |
0.0060 |
| Mark Centers Trust |
1.08 |
0.38 |
8,549 |
86,556.77 |
9,233 |
0.3506 |
0.0012 |
0.0004 |
| Meditrust |
2.78 |
2.63 |
61,157 |
2,446,296.36 |
170,018 |
0.9452 |
0.0348 |
0.0329 |
| Meridian Industrial Trust |
0.70 |
0.03 |
13,086 |
274,796.82 |
9,160 |
0.0363 |
0.0039 |
0.0001 |
| Merry Land & Investment Company |
1.48 |
1.18 |
37,572 |
807,807.27 |
55,607 |
0.7989 |
0.0115 |
0.0092 |
| MGI Properties |
0.98 |
0.56 |
11,563 |
254,390.38 |
11,332 |
0.5673 |
0.0036 |
0.0021 |
| Mid-America Apartment Communities, Inc. |
2.04 |
1.51 |
10,945 |
316,039.42 |
22,328 |
0.7390 |
0.0045 |
0.0033 |
| Mid-America Realty Investments, Inc. |
0.88 |
0.62 |
8,283 |
78,685.94 |
7,289 |
0.7045 |
0.0011 |
0.0008 |
| Mid-Atlantic Realty Trust |
0.93 |
0.58 |
7,140 |
80,328.86 |
6,641 |
0.6200 |
0.0011 |
0.0007 |
| Mills Corporation, The |
1.89 |
0.66 |
16,906 |
403,629.63 |
31,952 |
0.3500 |
0.0057 |
0.0020 |
| National Health Investors, Inc. |
2.80 |
2.80 |
22,901 |
867,392.87 |
64,124 |
1.0000 |
0.0123 |
0.0123 |
| National Income Realty Trust |
0.80 |
0.00 |
3,436 |
43,814.10 |
2,749 |
0.0000 |
0.0006 |
0.0000 |
| New Plan Realty Trust |
1.41 |
1.28 |
58,069 |
1,473,510.06 |
81,587 |
0.9114 |
0.0210 |
0.0191 |
| Oasis Residential, Inc. |
1.74 |
1.13 |
16,238 |
369,406.45 |
28,254 |
0.6500 |
0.0053 |
0.0034 |
| Omega Healthcare Investors, Inc. |
2.48 |
2.23 |
18,174 |
604,284.87 |
45,071 |
0.9000 |
0.0086 |
0.0077 |
| One Liberty Properties, Inc. |
1.20 |
1.20 |
1,439 |
18,702.05 |
1,726 |
1.0000 |
0.0003 |
0.0003 |
| Paragon Group, Inc. |
1.86 |
0.99 |
9,758 |
190,279.38 |
18,150 |
0.5324 |
0.0027 |
0.0014 |
| Pennsylvania Real Estate Investment Trust |
1.88 |
1.71 |
8,676 |
211,479.89 |
16,311 |
0.9122 |
0.0030 |
0.0027 |
| Post Properties, Inc. |
2.11 |
1.76 |
21,911 |
881,934.21 |
46,233 |
0.8320 |
0.0126 |
0.0104 |
| Prentiss Properties Trust |
0.31 |
0.13 |
20,280 |
506,997.43 |
6,287 |
0.4300 |
0.0072 |
0.0031 |
| Presidential Realty Corporation |
0.60 |
0.50 |
479 |
3,053.24 |
287 |
0.8365 |
0.0000 |
0.0000 |
| Presidential Realty Corporation (Class B) |
0.60 |
0.50 |
3,050 |
19,442.70 |
1,830 |
0.8365 |
0.0003 |
0.0002 |
| Price REIT |
2.80 |
2.19 |
9,063 |
348,906.83 |
25,375 |
0.7836 |
0.0050 |
0.0039 |
| Prime Retail, Inc. |
1.33 |
0.00 |
13,405 |
167,558.14 |
17,761 |
0.0000 |
0.0024 |
0.0000 |
| Public Storage Properties XIV, Inc. |
1.36 |
1.36 |
2,263 |
46,961.77 |
3,078 |
1.0000 |
0.0007 |
0.0007 |
| Public Storage Properties XIX, Inc. |
1.05 |
1.05 |
3,025 |
48,774.43 |
3,176 |
1.0000 |
0.0007 |
0.0007 |
| Public Storage Properties XV, Inc. |
1.20 |
1.20 |
2,137 |
44,874.59 |
2,564 |
1.0000 |
0.0006 |
0.0006 |
| Public Storage Properties XVI, Inc. |
1.40 |
1.40 |
2,962 |
57,765.79 |
4,147 |
1.0000 |
0.0008 |
0.0008 |
| Public Storage Properties XVII, Inc. |
1.39 |
1.39 |
2,776 |
54,132.45 |
3,859 |
1.0000 |
0.0008 |
0.0008 |
| Public Storage Properties XVIII, Inc. |
1.45 |
1.45 |
2,776 |
54,824.03 |
4,025 |
1.0000 |
0.0008 |
0.0008 |
| Public Storage Properties XX, Inc. |
1.59 |
1.59 |
861 |
18,129.64 |
1,369 |
1.0000 |
0.0003 |
0.0003 |
| Public Storage, Inc. |
0.88 |
0.88 |
84,445 |
2,617,802.07 |
74,312 |
1.0000 |
0.0373 |
0.0373 |
| Ramco-Gershenson Properties Trust |
1.20 |
0.00 |
7,123 |
120,202.40 |
8,548 |
0.0000 |
0.0017 |
0.0000 |
| Realty Income Corporation |
1.95 |
1.69 |
22,980 |
548,636.45 |
44,771 |
0.8681 |
0.0078 |
0.0068 |
| Reckson Associates Realty Corp. |
1.78 |
1.78 |
12,166 |
514,013.50 |
21,632 |
1.0000 |
0.0073 |
0.0073 |
| Regency Realty Corporation |
1.62 |
1.25 |
7,887 |
207,025.46 |
12,776 |
0.7700 |
0.0029 |
0.0023 |
| RFS Hotel Investors, Inc. |
1.39 |
1.37 |
24,384 |
481,584.00 |
33,894 |
0.9866 |
0.0069 |
0.0068 |
| Saul Centers, Inc. |
1.56 |
1.00 |
12,126 |
192,495.54 |
18,916 |
0.6410 |
0.0027 |
0.0018 |
| Simon DeBartolo Group, Inc. |
2.12 |
0.76 |
93,424 |
2,896,149.67 |
198,199 |
0.3600 |
0.0412 |
0.0148 |
| Sovran Self Storage |
2.04 |
2.04 |
10,707 |
334,583.47 |
21,788 |
1.0000 |
0.0048 |
0.0048 |
| Spieker Properties, Inc. |
1.72 |
1.54 |
31,812 |
1,145,227.00 |
54,716 |
0.8934 |
0.0163 |
0.0146 |
| Starwood Lodging Trust |
2.04 |
1.82 |
26,701 |
1,471,892.63 |
54,470 |
0.8900 |
0.0209 |
0.0186 |
| Storage Trust Realty |
1.67 |
1.67 |
12,874 |
347,606.96 |
21,436 |
1.0000 |
0.0049 |
0.0049 |
| Storage USA, Inc. |
2.25 |
2.17 |
24,673 |
928,311.73 |
55,514 |
0.9644 |
0.0132 |
0.0127 |
| Summit Properties, Inc. |
1.54 |
1.22 |
22,381 |
495,189.09 |
34,467 |
0.7900 |
0.0070 |
0.0056 |
| Sun Communities, Inc. |
1.81 |
0.79 |
15,382 |
530,679.00 |
27,841 |
0.4340 |
0.0076 |
0.0033 |
| Sunstone Hotel Investors, Inc. |
0.94 |
0.94 |
10,932 |
143,485.78 |
10,276 |
1.0000 |
0.0020 |
0.0020 |
| Tanger Factory Outlet Centers, Inc. |
2.06 |
1.61 |
6,602 |
179,908.59 |
13,600 |
0.7800 |
0.0026 |
0.0020 |
| Taubman Centers, Inc. |
0.89 |
0.48 |
50,068 |
644,626.95 |
44,561 |
0.5340 |
0.0092 |
0.0049 |
| Thornburg Mortgage Asset Corporation |
1.65 |
1.62 |
16,219 |
346,686.28 |
26,762 |
0.9818 |
0.0049 |
0.0048 |
| Town and Country Trust, The |
1.60 |
1.23 |
15,678 |
229,286.22 |
25,084 |
0.7700 |
0.0033 |
0.0025 |
| Transcontinental Realty Investors, Inc. |
0.28 |
0.00 |
3,920 |
43,116.78 |
1,098 |
0.0000 |
0.0006 |
0.0000 |
| TriNet Corporate Realty Trust, Inc. |
2.49 |
1.27 |
13,936 |
494,716.18 |
34,700 |
0.5100 |
0.0070 |
0.0036 |
| United Dominion Realty Trust, Inc. |
0.95 |
0.64 |
59,132 |
916,538.65 |
55,879 |
0.6754 |
0.0130 |
0.0088 |
| United Mobile Homes, Inc. |
0.60 |
0.60 |
6,434 |
73,183.06 |
3,860 |
1.0000 |
0.0010 |
0.0010 |
| Universal Health Realty Income Trust |
1.70 |
1.62 |
8,958 |
183,645.85 |
15,184 |
0.9568 |
0.0026 |
0.0025 |
| Urban Shopping Centers, Inc. |
1.98 |
1.54 |
17,009 |
493,257.84 |
33,678 |
0.7754 |
0.0070 |
0.0054 |
| Vornado Realty Trust |
2.44 |
2.44 |
25,044 |
1,314,799.87 |
61,107 |
1.0000 |
0.0187 |
0.0187 |
| Walden Residential Properties, Inc. |
1.86 |
0.99 |
16,832 |
418,689.18 |
31,307 |
0.5300 |
0.0060 |
0.0032 |
| Washington Real Estate Investment Trust |
1.03 |
0.94 |
31,803 |
556,552.06 |
32,757 |
0.9100 |
0.0079 |
0.0072 |
| Weeks Corporation |
1.60 |
1.52 |
13,758 |
457,441.63 |
22,012 |
0.9510 |
0.0065 |
0.0062 |
| Weingarten Realty Investors |
2.48 |
2.16 |
26,573 |
1,079,513.95 |
65,900 |
0.8713 |
0.0154 |
0.0134 |
| Wellsford Residential Property Trust, Inc. |
1.94 |
1.12 |
17,105 |
414,793.63 |
33,117 |
0.5783 |
0.0059 |
0.0034 |
| Western Investment Real Estate Trust |
1.12 |
0.90 |
17,138 |
222,799.62 |
19,195 |
0.8029 |
0.0032 |
0.0025 |
| Winston Hotels |
1.01 |
0.99 |
15,800 |
215,269.28 |
15,879 |
0.9900 |
0.0031 |
0.0030 |
| |
| Totals |
221.35 |
|
|
70,259,213.89 |
4,310,977 |
|
1.0000 |
0.7750 |
|