Garland Capital Management as of Dec. 31, 2011
Portfolio Holdings for Garland Capital Management
Garland Capital Management holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing
Voting Authority
Value Shares/ Sh/ Put/ Invstmt Other -----------------------------------
Name of Issuer Title of Class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
----------------------- -------- ---------- ----------- ---------- --------- -------- --------- -------- ------- ------- --------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
3M Company COM 88579Y101 3064875 37500 SH Sole 37500
Abbott Labs COM 002824100 3560652 63323 SH Sole 63323
ABM Industries Inc. COM 000957100 2059938 99900 SH Sole 99900
AT^T Corp. COM 001957109 2238516 74025 SH Sole 74025
Avery Dennison Corp. COM 053611109 1330035 46375 SH Sole 46375
Bank New York Mellon COM 064057102 1554971 78100 SH Sole 78100
Baxter International Inc. COM 071813109 2096715 42375 SH Sole 42375
Buckle Inc. COM 118440106 2991684 73200 SH Sole 73200
Chevron Corp. COM 166764100 3379264 31760 SH Sole 31760
Colgate Palmolive Co. COM 194162103 3510820 38000 SH Sole 38000
Digital Realty Trust COM 253868103 2853476 42800 SH Sole 42800
Du Pont E I De Nemours COM 263534109 2861250 62500 SH Sole 62500
Duke-Weeks Realty Corp. COM 264411505 1564693 129850 SH Sole 129850
Exxon Mobil Corp. COM 30231G102 2710625 31980 SH Sole 31980
General Electric COM 369604103 2198345 122744 SH Sole 122744
H.J. Heinz Co. COM 423074103 3135941 58030 SH Sole 58030
HCP Inc. COM 421915109 3260541 78700 SH Sole 78700
Health Care Reit Inc. COM 42217K106 3040048 55750 SH Sole 55750
Hewlett Packard COM 428236103 2171568 84300 SH Sole 84300
Home Depot Inc. COM 437076102 3531360 84000 SH Sole 84000
Home Properties Inc. COM 437306103 2475510 43000 SH Sole 43000
Hospitality Properties Trust COM 44106m102 1572407 68425 SH Sole 68425
Illinois Tool Works COM 452308109 3205474 68625 SH Sole 68625
International Bus Mach COM 459200101 4162124 22635 SH Sole 22635
J P Morgan Chase & Co Com COM 46625H100 2073138 62350 SH Sole 62350
Johnson & Johnson COM 478160104 3097343 47230 SH Sole 47230
Liberty Property Trust COM 531172104 2171790 70330 SH Sole 70330
Mack-Cali Realty Corp. COM 554489104 1782892 66800 SH Sole 66800
Masco Corp. COM 574599106 919463 87735 SH Sole 87735
McCormick & Co. Inc. COM 579780206 2831083 56150 SH Sole 56150
Microsoft Corp. COM 594918104 2405194 92650 SH Sole 92650
Novartis AG COM 66987v109 2461169 43050 SH Sole 43050
Pepsico Inc. COM 713448108 2391918 36050 SH Sole 36050
Pfizer Inc. COM 717081103 2835750 131042 SH Sole 131042
Procter & Gamble Co. COM 742718109 3115357 46700 SH Sole 46700
"Prologis, Inc. " COM 743410102 2032749 71100 SH Sole 71100
Roche Holding AG COM 771195104 2903187 68230 SH Sole 68230
Simon Property Group Inc. COM 828806109 3885349 30133 SH Sole 30133
Southern Company COM 842587107 3666538 79208 SH Sole 79208
Total SA COM 89151e109 1788850 35000 SH Sole 35000
Travelers Companies Inc COM 89417E109 2319464 39200 SH Sole 39200
Unilever Plc. COM 904767704 3428593 102285 SH Sole 102285
United Parcel Service COM 911312106 2371356 32400 SH Sole 32400
United Technologies Corp. COM 913017109 3152737 43135 SH Sole 43135
Wal-Mart Stores Inc. COM 931142103 3158316 52850 SH Sole 52850
Waste Management Inc. COM 94106L109 1965871 60100 SH Sole 60100