<ARTICLE> 5 <CIK> 0000277925 <NAME> Public Storage Properties V, Ltd. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-01-1998 <PERIOD-END> Dec-31-1998 <EXCHANGE-RATE> 1 <CASH> 4,904,000 <SECURITIES> 14,433,000 <RECEIVABLES> 171,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 19,611,000 <PP&E> 20,530,000 <DEPRECIATION> (10,751,000) <TOTAL-ASSETS> 29,390,000 <CURRENT-LIABILITIES> 357,000 <BONDS> 21,742,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,291,000 <TOTAL-LIABILITY-AND-EQUITY> 29,390,000 <SALES> 0 <TOTAL-REVENUES> 8,188,000 <CGS> 0 <TOTAL-COSTS> 2,329,000 <OTHER-EXPENSES> 948,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,450,000 <INCOME-PRETAX> 2,461,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,461,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,461,000 <EPS-PRIMARY> 55.39 <EPS-DILUTED> 55.39