<ARTICLE> 5 <CIK> 0000202953 <NAME> Public Storage Properties, Ltd. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-01-1998 <PERIOD-END> Mar-31-1998 <EXCHANGE-RATE> 1 <CASH> 620,000 <SECURITIES> 0 <RECEIVABLES> 41,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 801,000 <PP&E> 10,523,000 <DEPRECIATION> (5,609,000) <TOTAL-ASSETS> 5,715,000 <CURRENT-LIABILITIES> 196,000 <BONDS> 13,655,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (8,136,000) <TOTAL-LIABILITY-AND-EQUITY> 5,715,000 <SALES> 0 <TOTAL-REVENUES> 1,115,000 <CGS> 0 <TOTAL-COSTS> 328,000 <OTHER-EXPENSES> 130,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 297,000 <INCOME-PRETAX> 360,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 360,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 360,000 <EPS-PRIMARY> 17.80 <EPS-DILUTED> 17.80