<ARTICLE> 5 <CIK> 0000277925 <NAME> Public Storage Properties V, Ltd. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-START> Jan-01-1999 <PERIOD-END> Jun-30-1999 <EXCHANGE-RATE> 1 <CASH> 242,000 <SECURITIES> 14,933,000 <RECEIVABLES> 96,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,380,000 <PP&E> 20,679,000 <DEPRECIATION> (11,223,000) <TOTAL-ASSETS> 24,836,000 <CURRENT-LIABILITIES> 493,000 <BONDS> 15,025,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9,318,000 <TOTAL-LIABILITY-AND-EQUITY> 24,836,000 <SALES> 0 <TOTAL-REVENUES> 4,086,000 <CGS> 0 <TOTAL-COSTS> 1,175,000 <OTHER-EXPENSES> 517,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 867,000 <INCOME-PRETAX> 1,527,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,527,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,527,000 <EPS-BASIC> 34.36 <EPS-DILUTED> 34.36