<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED BALANCE SHEET AND THE CONDENSED CONSOLIDATED STATEMENT OF INCOME AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 1998 AS CONTAINED IN THE COMPANY'S FORM 10-Q FOR SUCH PERIOD AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q. DOLLARS ARE IN THOUSANDS, EXCEPT PER SHARE DATA. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 8,381 <SECURITIES> 0 <RECEIVABLES> 8,288 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 584,608 <DEPRECIATION> 56,563 <TOTAL-ASSETS> 557,428 <CURRENT-LIABILITIES> 0 <BONDS> 292,935 <PREFERRED-MANDATORY> 24,369 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 184,986 <TOTAL-LIABILITY-AND-EQUITY> 557,428 <SALES> 0 <TOTAL-REVENUES> 28,974 <CGS> 0 <TOTAL-COSTS> 6,920 <OTHER-EXPENSES> 484 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,016 <INCOME-PRETAX> 9,258 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,499 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,499 <EPS-PRIMARY> 0.38<F1> <EPS-DILUTED> 0.37 <FN> <F1>The amount is reported as EPS Basic and not for EPS Primary. </FN>