<ARTICLE> 5 <CIK> 0000277925 <NAME> PUBLIC STORAGE PROPERTIES V, LTD. <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Dec-31-1995 <PERIOD-START> Jan-01-1996 <PERIOD-END> Mar-31-1996 <CASH> 1,747,000 <SECURITIES> 8,977,000 <RECEIVABLES> 544,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,268,000 <PP&E> 19,286,000 <DEPRECIATION> (8,464,000) <TOTAL-ASSETS> 22,090,000 <CURRENT-LIABILITIES> 369,000 <BONDS> 23,074,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (1,353,000) <TOTAL-LIABILITY-AND-EQUITY> 22,090,000 <SALES> 0 <TOTAL-REVENUES> 1,698,000 <CGS> 0 <TOTAL-COSTS> 669,000 <OTHER-EXPENSES> 9,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 623,000 <INCOME-PRETAX> 397,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 397,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 397,000 <EPS-PRIMARY> 8.93 <EPS-DILUTED> 8.93