<TABLE> <S> <C>

<ARTICLE> 9
<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, 2000 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-30-2000
<PERIOD-END>                                           SEP-30-2000
<CASH>                                                      357792
<INT-BEARING-DEPOSITS>                                       30441
<FED-FUNDS-SOLD>                                             40000
<TRADING-ASSETS>                                                 0
<INVESTMENTS-HELD-FOR-SALE>                                      0
<INVESTMENTS-CARRYING>                                       45648
<INVESTMENTS-MARKET>                                         45559
<LOANS>                                                    8301139
<ALLOWANCE>                                                  54018
<TOTAL-ASSETS>                                                   0
<DEPOSITS>                                                 7037789
<SHORT-TERM>                                                775813
<LIABILITIES-OTHER>                                         180382
<LONG-TERM>                                                1711507
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                         0
<OTHER-SE>                                                       0
<TOTAL-LIABILITIES-AND-EQUITY>                                   0
<INTEREST-LOAN>                                             635246
<INTEREST-INVEST>                                            78545
<INTEREST-OTHER>                                             22868
<INTEREST-TOTAL>                                            736659
<INTEREST-DEPOSIT>                                          222263
<INTEREST-EXPENSE>                                          394400
<INTEREST-INCOME-NET>                                       342259
<LOAN-LOSSES>                                                49930
<SECURITIES-GAINS>                                               0
<EXPENSE-OTHER>                                             365316
<INCOME-PRETAX>                                              81272
<INCOME-PRE-EXTRAORDINARY>                                       0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                     0
<EPS-BASIC>                                                      0
<EPS-DILUTED>                                                    0
<YIELD-ACTUAL>                                                3.72
<LOANS-NON>                                                  22666
<LOANS-PAST>                                                     0
<LOANS-TROUBLED>                                                 0
<LOANS-PROBLEM>                                                  0
<ALLOWANCE-OPEN>                                             58139
<CHARGE-OFFS>                                                58883
<RECOVERIES>                                                  4832
<ALLOWANCE-CLOSE>                                            54018
<ALLOWANCE-DOMESTIC>                                         54018
<ALLOWANCE-FOREIGN>                                              0
<ALLOWANCE-UNALLOCATED>                                          0


</TABLE>