<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 36,338 <SECURITIES> 0 <RECEIVABLES> 96,984 <ALLOWANCES> 800 <INVENTORY> 0 <CURRENT-ASSETS> 89,895 <PP&E> 3,911,473 <DEPRECIATION> 238,135 <TOTAL-ASSETS> 4,016,197 <CURRENT-LIABILITIES> 111,945 <BONDS> 1,766,117 <PREFERRED-MANDATORY> 0 <PREFERRED> 397,500 <COMMON> 0 <OTHER-SE> 1,740,635 <TOTAL-LIABILITY-AND-EQUITY> 4,016,197 <SALES> 564,465 <TOTAL-REVENUES> 584,935 <CGS> 174,075 <TOTAL-COSTS> 286,422 <OTHER-EXPENSES> 22,345 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 117,134 <INCOME-PRETAX> 145,434 <INCOME-TAX> 0 <INCOME-CONTINUING> 145,434 <DISCONTINUED> 0 <EXTRAORDINARY> (7,341) <CHANGES> 0 <NET-INCOME> 138,093 <EPS-BASIC> 1.72 <EPS-DILUTED> 1.71