Iappreciate your analysis. OTOH, I believe that The REIT sector will be showing increased dividends over the next 3 years. I expect Comercial and appartment REITs will increase dividendsin the next 3 quarters and that will result in increasing dividend income which will be paid to us. Check the sector investments in this link http://www.cohenandsteers.com/assets/content/resources/literature/CFS34-Q212_REIT_Preferred_071812.pdf. Note that holdings in Preferred stock have deminished and that there is a substantial increase in banking sector. Just my Opinion.