<TABLE> <S> <C>

<ARTICLE>                                                                   5
<LEGEND>
This schedule contains summary financial information extracted from
financial statements, schedules and other disclosure contained in
Form 10-K for the year ended September 30, 1999 of B. F. Saul Real
Estate Investment Trust and is qualified in its entirety by reference
to such financial statements, schedules and other disclosure.
</LEGEND>
<MULTIPLIER>                                                             1000

<S>                                                       <C>
<PERIOD-TYPE>                                                          12-MOS
<FISCAL-YEAR-END>                                                 SEP-30-1999
<PERIOD-END>                                                      SEP-30-1999
<CASH>                                                                  17857
<SECURITIES>                                                                0
<RECEIVABLES>                                                               0
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                            0
<PP&E>                                                                 351629
<DEPRECIATION>                                                         104774
<TOTAL-ASSETS>                                                              0
<CURRENT-LIABILITIES>                                                       0
<BONDS>                                                                     0
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                                    0
<OTHER-SE>                                                                  0
<TOTAL-LIABILITY-AND-EQUITY>                                                0
<SALES>                                                                     0
<TOTAL-REVENUES>                                                       111385
<CGS>                                                                       0
<TOTAL-COSTS>                                                           58990
<OTHER-EXPENSES>                                                        22140
<LOSS-PROVISION>                                                            0
<INTEREST-EXPENSE>                                                      40546
<INCOME-PRETAX>                                                        (10291)
<INCOME-TAX>                                                                0
<INCOME-CONTINUING>                                                         0
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                             0
<CHANGES>                                                                   0
<NET-INCOME>                                                                0
<EPS-BASIC>                                                               0
<EPS-DILUTED>                                                               0


</TABLE>