<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUL-31-1994 <PERIOD-START> AUG-01-1994 <PERIOD-END> APR-30-1995 <CASH> 9,674 <SECURITIES> 0 <RECEIVABLES> 10,628 <ALLOWANCES> (1,250) <INVENTORY> 0 <CURRENT-ASSETS> 19,052 <PP&E> 370,794 <DEPRECIATION> (45,925) <TOTAL-ASSETS> 343,921 <CURRENT-LIABILITIES> 3,318 <BONDS> 96,886 <COMMON> 109 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 243,608 <TOTAL-LIABILITY-AND-EQUITY> 343,921 <SALES> 46,412<F1> <TOTAL-REVENUES> 46,412 <CGS> 14,328<F2> <TOTAL-COSTS> 14,328 <OTHER-EXPENSES> 9,666<F3> <LOSS-PROVISION> 2,000 <INTEREST-EXPENSE> 5,226 <INCOME-PRETAX> 15,192 <INCOME-TAX> 0 <INCOME-CONTINUING> 15,192 <DISCONTINUED> 0 <EXTRAORDINARY> 2,370<F4> <CHANGES> 0 <NET-INCOME> 17,562 <EPS-PRIMARY> 1.61 <EPS-DILUTED> 1.61 <FN> <F1>Rental and other revenue <F2>Operating expenses of equity investments <F3>Includes 5,698 of depreciation expense <F4>Net gain on sales of investments </FN>