<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 34,692 <SECURITIES> 0 <RECEIVABLES> 21,943 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 56,635 <PP&E> 4,142,556 <DEPRECIATION> (178,072) <TOTAL-ASSETS> 4,175,383 <CURRENT-LIABILITIES> 124,574 <BONDS> 1,594,734 <PREFERRED-MANDATORY> 0 <PREFERRED> 295,000 <COMMON> 0 <OTHER-SE> 2,109,970 <TOTAL-LIABILITY-AND-EQUITY> 4,175,383 <SALES> 0 <TOTAL-REVENUES> 340,094 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 73,182 <INCOME-PRETAX> 124,414 <INCOME-TAX> 0 <INCOME-CONTINUING> 124,414 <DISCONTINUED> 0 <EXTRAORDINARY> 3,075 <CHANGES> 0 <NET-INCOME> 121,339 <EPS-PRIMARY> 1.89 <EPS-DILUTED> 1.87