<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMB PROPERTY, CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE PERIOD ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <EXCHANGE-RATE> 1 <CASH> 70,821 <SECURITIES> 0 <RECEIVABLES> 57,449 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 128,270 <PP&E> 3,068,698 <DEPRECIATION> 85,521 <TOTAL-ASSETS> 3,647,947 <CURRENT-LIABILITIES> 138,360 <BONDS> 1,278,571 <PREFERRED-MANDATORY> 0 <PREFERRED> 96,100 <COMMON> 1,679,853 <OTHER-SE> 26,842 <TOTAL-LIABILITY-AND-EQUITY> 3,647,947 <SALES> 0 <TOTAL-REVENUES> 336,733 <CGS> 0 <TOTAL-COSTS> 218,657 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 67,705 <INCOME-PRETAX> 118,076 <INCOME-TAX> 0 <INCOME-CONTINUING> 126,766 <DISCONTINUED> 0 <EXTRAORDINARY> (2,856) <CHANGES> 0 <NET-INCOME> 123,910 <EPS-BASIC> 1.36 <EPS-DILUTED> 1.36