<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION  EXTRACTED FROM THE RELATED FINANCIAL
STATEMENTS  OF GABLES  RESIDENTIAL  TRUST AND IS  QUALIFIED  IN ITS  ENTIRETY BY
REFERENCE TO THE RELATED FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>                                   1,000

<S>                                            <C>               <C>            <C>
<PERIOD-TYPE>                                  3-MOS             6-MOS          9-MOS
<FISCAL-YEAR-END>                              DEC-31-1997       DEC-31-1997    DEC-31-1997
<PERIOD-START>                                 JAN-01-1997       JAN-01-1997    JAN-01-1997
<PERIOD-END>                                   MAR-31-1997       JUN-30-1997    SEP-30-1997
<CASH>                                         9,067             10,816         10,257
<SECURITIES>                                   0                 0              0
<RECEIVABLES>                                  0                 0              0
<ALLOWANCES>                                   0                 0              0
<INVENTORY>                                    0                 0              0
<CURRENT-ASSETS>                               0                 0              0
<PP&E>                                         821,748           868,605        1,007,520
<DEPRECIATION>                                 78,803            84,343         90,459
<TOTAL-ASSETS>                                 766,035           810,892        943,405
<CURRENT-LIABILITIES>                          0                 0              0
<BONDS>                                        402,613           447,350        440,728
<PREFERRED-MANDATORY>                          0                 0              0
<PREFERRED>                                    0                 0              115,000
<COMMON>                                       194               194            202
<OTHER-SE>                                     282,641           280,552        294,383
<TOTAL-LIABILITY-AND-EQUITY>                   766,035           810,892        943,405
<SALES>                                        0                 0              0
<TOTAL-REVENUES>                               32,232            65,973         102,866
<CGS>                                          0                 0              0
<TOTAL-COSTS>                                  18,744            37,965         58,689
<OTHER-EXPENSES>                               0                 0              0
<LOSS-PROVISION>                               0                 0              0
<INTEREST-EXPENSE>                             6,224             12,974         19,227
<INCOME-PRETAX>                                12,310            20,235         29,054
<INCOME-TAX>                                   0                 0              0
<INCOME-CONTINUING>                            10,410            17,116         24,576
<DISCONTINUED>                                 0                 0              0
<EXTRAORDINARY>                                602               602            602
<CHANGES>                                      0                 0              0
<NET-INCOME>                                   9,808             16,514         23,974
<EPS-PRIMARY>                                  0.51              0.85           1.23
<EPS-DILUTED>                                  0.50              0.84           1.22



</TABLE>