<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> MAR-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 30,228 <SECURITIES> 0 <RECEIVABLES> 8,479 <ALLOWANCES> 487 <INVENTORY> 0 <CURRENT-ASSETS> 44,358 <PP&E> 337,177 <DEPRECIATION> 19,820 <TOTAL-ASSETS> 398,346 <CURRENT-LIABILITIES> 24,416 <BONDS> 270,036 <COMMON> 65,666 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 398,346 <SALES> 0 <TOTAL-REVENUES> 158,806 <CGS> 0 <TOTAL-COSTS> 118,713 <OTHER-EXPENSES> 289 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 23,114 <INCOME-PRETAX> 16,690 <INCOME-TAX> 4,200 <INCOME-CONTINUING> 12,490 <DISCONTINUED> 0 <EXTRAORDINARY> (262) <CHANGES> 0 <NET-INCOME> 12,228 <EPS-PRIMARY> .53 <EPS-DILUTED> .53