<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 154,013 <SECURITIES> 0 <RECEIVABLES> 3,978 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 381,634 <PP&E> 8,680,312 <DEPRECIATION> (640,452) <TOTAL-ASSETS> 8,632,607 <CURRENT-LIABILITIES> 325,104 <BONDS> 3,942,488 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,041,675 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 8,632,607 <SALES> 919,696 <TOTAL-REVENUES> 932,690 <CGS> 0 <TOTAL-COSTS> 354,576 <OTHER-EXPENSES> 15,598 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 172,105 <INCOME-PRETAX> 182,017 <INCOME-TAX> 0 <INCOME-CONTINUING> 182,017 <DISCONTINUED> 12,717 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 129,659 <EPS-PRIMARY> 1.22 <EPS-DILUTED> 1.21