<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMB PROPERTY
CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31,
2000 (UNAUDITED), AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
CONSOLIDATED FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          89,094
<SECURITIES>                                         0
<RECEIVABLES>                                   99,870
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               188,964
<PP&E>                                       3,288,333
<DEPRECIATION>                                 120,193
<TOTAL-ASSETS>                               3,656,627
<CURRENT-LIABILITIES>                          128,720
<BONDS>                                      1,262,211
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     96,100
<COMMON>                                     1,630,450
<OTHER-SE>                                      55,786
<TOTAL-LIABILITY-AND-EQUITY>                 3,656,627
<SALES>                                              0
<TOTAL-REVENUES>                               110,323
<CGS>                                                0
<TOTAL-COSTS>                                   69,858
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              20,342
<INCOME-PRETAX>                                 40,465
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             31,056
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    28,920
<EPS-BASIC>                                     0.34
<EPS-DILUTED>                                     0.34