<ARTICLE> 5
<LEGEND> This Schedule contains summary financial information
extracted from the consolidated balance sheets and consolidated
statements of income and is qualified in its entirety by
reference to such financial statements.
<MULTIPLIER>   1,000
       
                        
<PERIOD-TYPE>               12-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
<CASH>                                           4,300
<SECURITIES>                                     2,095
<RECEIVABLES>                                   11,586   
<ALLOWANCES>                                     3,977    
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         977,942    
<DEPRECIATION>                                  82,523   
<TOTAL-ASSETS>                                 945,394
<CURRENT-LIABILITIES>                                0
<BONDS>                                        257,926   
<COMMON>                                       715,997    
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     (56,643)
<TOTAL-LIABILITY-AND-EQUITY>                   945,394
<SALES>                                              0
<TOTAL-REVENUES>                               167,607
<CGS>                                                0
<TOTAL-COSTS>                                   75,323
<OTHER-EXPENSES>                                 2,616 
<LOSS-PROVISION>                                 1,984  
<INTEREST-EXPENSE>                              17,561
<INCOME-PRETAX>                                 70,521  
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             70,521
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    70,521  
<EPS-PRIMARY>                                     1.25
<EPS-DILUTED>                                     1.25