<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