Garland Capital Management as of March 31, 2012
Portfolio Holdings for Garland Capital Management
Garland Capital Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing
Voting Authority
Shares/ Sh/ Put/ Invstmt Other -----------------------------------
Name of Issuer Title of Class CUSIP Value 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 3336454 37400 SH Sole 37400
Abbott Labs COM 002824100 3847357 62773 SH Sole 62773
ABM Industries Inc. COM 000957100 2387475 98250 SH Sole 98250
AT^T Corp. COM 001957109 2294624 73475 SH Sole 73475
Avery Dennison Corp. COM 053611109 1394266 46275 SH Sole 46275
Bank New York Mellon COM 064057102 1884553 78100 SH Sole 78100
Baxter International Inc. COM 071813109 2536167 42425 SH Sole 42425
Buckle Inc. COM 118440106 3451195 72050 SH Sole 72050
Chevron Corp. COM 166764100 3346024 31210 SH Sole 31210
Colgate Palmolive Co. COM 194162103 3669195 37525 SH Sole 37525
Digital Realty Trust COM 253868103 3136328 42400 SH Sole 42400
Du Pont E I De Nemours COM 263534109 3278478 61975 SH Sole 61975
Duke-Weeks Realty Corp. COM 264411505 1857747 129550 SH Sole 129550
Exxon Mobil Corp. COM 30231G102 2721587 31380 SH Sole 31380
General Electric COM 369604103 2463472 122744 SH Sole 122744
H.J. Heinz Co. COM 423074103 3055295 57055 SH Sole 57055
HCP Inc. COM 421915109 3054204 77400 SH Sole 77400
Health Care Reit Inc. COM 42217K106 3054402 55575 SH Sole 55575
Hewlett Packard COM 428236103 2006486 84200 SH Sole 84200
Home Depot Inc. COM 437076102 4145544 82400 SH Sole 82400
Home Properties Inc. COM 437306103 2599026 42600 SH Sole 42600
Hospitality Properties Trust COM 44106m102 1807239 68275 SH Sole 68275
Illinois Tool Works COM 452308109 3864168 67650 SH Sole 67650
International Bus Mach COM 459200101 4597603 22035 SH Sole 22035
J P Morgan Chase & Co Com COM 46625H100 2855358 62100 SH Sole 62100
Johnson & Johnson COM 478160104 3074066 46605 SH Sole 46605
Liberty Property Trust COM 531172104 2506830 70180 SH Sole 70180
Mack-Cali Realty Corp. COM 554489104 1933822 67100 SH Sole 67100
Masco Corp. COM 574599106 1175022 87885 SH Sole 87885
McCormick & Co. Inc. COM 579780206 3024947 55575 SH Sole 55575
Microsoft Corp. COM 594918104 2970686 92100 SH Sole 92100
Novartis AG COM 66987v109 2374319 42850 SH Sole 42850
Pepsico Inc. COM 713448108 2381965 35900 SH Sole 35900
Pfizer Inc. COM 717081103 2921591 129017 SH Sole 129017
Procter & Gamble Co. COM 742718109 3110143 46275 SH Sole 46275
"Prologis, Inc. " COM 743410102 2588037 71850 SH Sole 71850
Roche Holding AG COM 771195104 2979739 68280 SH Sole 68280
Southern Company COM 842587107 3499283 77883 SH Sole 77883
Total SA COM 89151e109 1800702 35225 SH Sole 35225
Travelers Companies Inc COM 89417E109 2308800 39000 SH Sole 39000
Unilever Plc. COM 904767704 3326317 100645 SH Sole 100645
United Parcel Service COM 911312106 2587076 32050 SH Sole 32050
United Technologies Corp. COM 913017109 3540294 42685 SH Sole 42685
Wal-Mart Stores Inc. COM 931142103 3179340 51950 SH Sole 51950
Waste Management Inc. COM 94106L109 2106340 60250 SH Sole 60250