<ARTICLE> 5 <CIK> 0000277925 <NAME> PUBLIC STORAGE PROPERTIES V, LTD. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <EXCHANGE-RATE> 1 <CASH> 2,974,000 <SECURITIES> 9,968,000 <RECEIVABLES> 401,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 13,343,000 <PP&E> 19,221,000 <DEPRECIATION> (8,847,000) <TOTAL-ASSETS> 23,717,000 <CURRENT-LIABILITIES> 364,000 <BONDS> 22,860,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 493,000 <TOTAL-LIABILITY-AND-EQUITY> 23,717,000 <SALES> 0 <TOTAL-REVENUES> 5,252,000 <CGS> 0 <TOTAL-COSTS> 1,491,000 <OTHER-EXPENSES> 623,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,899,000 <INCOME-PRETAX> 1,252,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,252,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,252,000 <EPS-PRIMARY> 28.16 <EPS-DILUTED> 28.16