<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 89,759,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 89,759,000 <PP&E> 1,213,655,000 <DEPRECIATION> (219,649,000) <TOTAL-ASSETS> 1,116,857,000 <CURRENT-LIABILITIES> 34,160,000 <BONDS> 58,497,000 <COMMON> 4,205,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 335,150,000 <OTHER-SE> 553,309,000 <TOTAL-LIABILITY-AND-EQUITY> 1,116,857,000 <SALES> 0 <TOTAL-REVENUES> 91,110,000 <CGS> 0 <TOTAL-COSTS> 49,268,000 <OTHER-EXPENSES> 5,162,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,214,000 <INCOME-PRETAX> 29,751,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 29,751,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 29,751,000 <EPS-PRIMARY> .50 <EPS-DILUTED> .50