<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> OCT-31-1996 <PERIOD-START> NOV-01-1995 <PERIOD-END> OCT-31-1996 <CASH> 8,430 <SECURITIES> 4,414 <RECEIVABLES> 14,081 <ALLOWANCES> 551 <INVENTORY> 0 <CURRENT-ASSETS> 25,477 <PP&E> 207,071 <DEPRECIATION> 87,343 <TOTAL-ASSETS> 173,189 <CURRENT-LIABILITIES> 23,937 <BONDS> 128,140 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,649 <COMMON> 29 <OTHER-SE> 15,363 <TOTAL-LIABILITY-AND-EQUITY> 173,189 <SALES> 119,900 <TOTAL-REVENUES> 120,602 <CGS> 0 <TOTAL-COSTS> 41,184 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 580 <INTEREST-EXPENSE> 15,441 <INCOME-PRETAX> 17,948 <INCOME-TAX> 7,099 <INCOME-CONTINUING> 10,849 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,484 <EPS-PRIMARY> .38 <EPS-DILUTED> .38