<ARTICLE> 5 <CIK> 0000277925 <NAME> Public Storage Properties V, Ltd. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-1-1998 <PERIOD-END> Sep-30-1998 <EXCHANGE-RATE> 1 <CASH> 4,402,000 <SECURITIES> 14,300,000 <RECEIVABLES> 175,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 18,999,000 <PP&E> 20,356,000 <DEPRECIATION> (10,528,000) <TOTAL-ASSETS> 28,827,000 <CURRENT-LIABILITIES> 451,000 <BONDS> 21,880,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 6,496,000 <TOTAL-LIABILITY-AND-EQUITY> 28,827,000 <SALES> 0 <TOTAL-REVENUES> 6,082,000 <CGS> 0 <TOTAL-COSTS> 1,732,000 <OTHER-EXPENSES> 708,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,843,000 <INCOME-PRETAX> 1,799,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,799,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,799,000 <EPS-PRIMARY> 40.48 <EPS-DILUTED> 40.48