<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 18 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,325,742 <DEPRECIATION> 171,737 <TOTAL-ASSETS> 1,154,005 <CURRENT-LIABILITIES> 0 <BONDS> 668,521 <PREFERRED-MANDATORY> 0 <PREFERRED> 149,750 <COMMON> 2,769 <OTHER-SE> 516,531 <TOTAL-LIABILITY-AND-EQUITY> 1,391,918 <SALES> 0 <TOTAL-REVENUES> 169,040 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 79,330 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 35,558 <INCOME-PRETAX> 67,522 <INCOME-TAX> 0 <INCOME-CONTINUING> 67,522 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 67,522 <EPS-PRIMARY> 1.03 <EPS-DILUTED> 1.03