<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 3,965 <SECURITIES> 0 <RECEIVABLES> 4,758 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 289,422 <PP&E> 10,942,063 <DEPRECIATION> 718,491 <TOTAL-ASSETS> 10,700,260 <CURRENT-LIABILITIES> 257,912 <BONDS> 4,680,527 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,410,574 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,700,260 <SALES> 1,317,746 <TOTAL-REVENUES> 1,337,449 <CGS> 0 <TOTAL-COSTS> 509,488 <OTHER-EXPENSES> 21,718 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 249,342 <INCOME-PRETAX> 255,032 <INCOME-TAX> 0 <INCOME-CONTINUING> 255,032 <DISCONTINUED> 21,703 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 183,818 <EPS-PRIMARY> 1.65 <EPS-DILUTED> 1.63