<ARTICLE>                     5
<LEGEND>
     This schedule contains summary financial information extracted from
     SEC Form 10-Q and is qualified in its entirety by reference to such
     financial statements
</LEGEND>
<CIK>                         0001063761
<NAME>                        CORPORATE PROPERTY INVESTORS, INC.
<MULTIPLIER>                                      1000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                              JUN-30-1998
<CASH>                                        75,866
<SECURITIES>                                       0
<RECEIVABLES>                                 85,193
<ALLOWANCES>                                  18,408
<INVENTORY>                                        0
<CURRENT-ASSETS>                                   0<F1>
<PP&E>                                     3,213,984
<DEPRECIATION>                               658,332
<TOTAL-ASSETS>                             2,834,521
<CURRENT-LIABILITIES>                              0<F1>
<BONDS>                                      856,219
<PREFERRED-MANDATORY>                              0
<PREFERRED>                                  209,249
<COMMON>                                         264
<OTHER-SE>                                 1,610,397
<TOTAL-LIABILITY-AND-EQUITY>               2,834,521
<SALES>                                            0
<TOTAL-REVENUES>                             254,646
<CGS>                                              0
<TOTAL-COSTS>                                143,180
<OTHER-EXPENSES>                                   0
<LOSS-PROVISION>                               1,445
<INTEREST-EXPENSE>                            32,799
<INCOME-PRETAX>                              121,604
<INCOME-TAX>                                       0
<INCOME-CONTINUING>                          121,604
<DISCONTINUED>                                     0
<EXTRAORDINARY>                                    0
<CHANGES>                                          0
<NET-INCOME>                                 121,604
<EPS-PRIMARY>                                   4.53
<EPS-DILUTED>                                   4.49
<FN>
<F1>CPI does not report using a clasified balance sheet.
</FN>