<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from 10-Q and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 93,826 <SECURITIES> 0 <RECEIVABLES> 22,241 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,852,477 <DEPRECIATION> (261,228) <TOTAL-ASSETS> 4,291,747 <CURRENT-LIABILITIES> 0 <BONDS> 1,608,895 <PREFERRED-MANDATORY> 149,500 <PREFERRED> 616,250 <COMMON> 617 <OTHER-SE> 1,535,746 <TOTAL-LIABILITY-AND-EQUITY> 4,291,747 <SALES> 121,142 <TOTAL-REVENUES> 131,509 <CGS> 82,686 <TOTAL-COSTS> 88,318 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 31,330 <INCOME-PRETAX> 13,956 <INCOME-TAX> 0 <INCOME-CONTINUING> 13,956 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,956 <EPS-PRIMARY> 0.01 <EPS-DILUTED> 0.01