<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS OF GOLF TRUST OF AMERICA, INC. & SUBSIDIARIES AS OF 3/31/99 & 12/31/98 & THE RELATED CONSOLIDATED STATEMENTS OF INCOME, STOCKHOLDERS' EQUITY & CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 1999 & 1998 & IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS YEAR 3-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 JAN-01-1998 <PERIOD-END> MAR-31-1998 DEC-31-1998 MAR-31-1997 <CASH> 9,579 1,891 0 <SECURITIES> 0 0 0 <RECEIVABLES> 1,060 1,030 0 <ALLOWANCES> 0 0 0 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 0<F1> 0<F1> 0 <PP&E> 351,385 349,195 0 <DEPRECIATION> 29,722 25,695 0 <TOTAL-ASSETS> 420,788 411,981 0 <CURRENT-LIABILITIES> 18,951<F1> 15,190<F1> 0 <BONDS> 217,541 210,634 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 77 76 0 <OTHER-SE> 108,342 109,571 0 <TOTAL-LIABILITY-AND-EQUITY> 420,788 411,981 0 <SALES> 0 0 0 <TOTAL-REVENUES> 13,323 0 8,920 <CGS> 0 0 0 <TOTAL-COSTS> 5,522 0 2,977 <OTHER-EXPENSES> 133<F2> 0 72<F2> <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 3,678 0 916 <INCOME-PRETAX> 2,712 0 3,081 <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> 2,712 0 3,081 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 2,712 0 3,081 <EPS-PRIMARY> .35 0 .40 <EPS-DILUTED> .35 0 .39 <FN> <F1>As a real estate investment trust our balance sheet is not classified between current and long term categories. <F2>Composed of interest income. </FN>