<ARTICLE> 5

<LEGEND>

This schedule contains summary financial information extracted from AMB Property
Corporation's Consolidated Financial Statements (unaudited) for the period ended
June 30, 1999 and is qualified in its entirety by reference to such Consolidated
Financial Statements.

</LEGEND>

<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          40,130
<SECURITIES>                                         0
<RECEIVABLES>                                   56,226
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                96,356
<PP&E>                                       2,972,050
<DEPRECIATION>                                  70,032
<TOTAL-ASSETS>                               3,732,544
<CURRENT-LIABILITIES>                          120,686
<BONDS>                                      1,418,587
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     96,100
<COMMON>                                     1,680,819
<OTHER-SE>                                       6,690
<TOTAL-LIABILITY-AND-EQUITY>                 3,732,544
<SALES>                                              0
<TOTAL-REVENUES>                               224,949
<CGS>                                                0
<TOTAL-COSTS>                                  148,928
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              46,558
<INCOME-PRETAX>                                 76,021
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             72,840
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                (1,509)
<CHANGES>                                            0
<NET-INCOME>                                    71,331
<EPS-BASIC>                                        .78
<EPS-DILUTED>                                      .78