<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  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>                                  YEAR              6-MOS          9-MOS
<FISCAL-YEAR-END>                              DEC-31-1996       DEC-31-1996    DEC-31-1996
<PERIOD-START>                                 JAN-01-1996       JAN-1-1996     JAN-01-1996
<PERIOD-END>                                   DEC-31-1996       JUN-30-1996    SEP-30-1996
<CASH>                                         12,815            13,678         36,035
<SECURITIES>                                   0                 0              0
<RECEIVABLES>                                  21,505            0              0
<ALLOWANCES>                                   0                 0              0
<INVENTORY>                                    0                 0              0
<CURRENT-ASSETS>                               0                 0              0
<PP&E>                                         784,600           704,762        763,167
<DEPRECIATION>                                 74,903            64,548         69,508
<TOTAL-ASSETS>                                 759,660           670,865        745,774
<CURRENT-LIABILITIES>                          0                 0              0
<BONDS>                                        390,321           380,547        374,873
<PREFERRED-MANDATORY>                          0                 0              0
<PREFERRED>                                    0                 0              0
<COMMON>                                       193               161            193
<OTHER-SE>                                     281,301           216,658        283,746
<TOTAL-LIABILITY-AND-EQUITY>                   759,660           670,865        745,774
<SALES>                                        0                 0              0
<TOTAL-REVENUES>                               116,181           52,585         84,353
<CGS>                                          0                 0              0
<TOTAL-COSTS>                                  66,247            30,016         48,142
<OTHER-EXPENSES>                               0                 0              0
<LOSS-PROVISION>                               0                 0              0
<INTEREST-EXPENSE>                             23,036            9,961          16,728
<INCOME-PRETAX>                                27,541            12,875         19,880
<INCOME-TAX>                                   0                 0              0
<INCOME-CONTINUING>                            22,901            10,632         16,422
<DISCONTINUED>                                 0                 0              0
<EXTRAORDINARY>                                520               520            520
<CHANGES>                                      0                 0              0
<NET-INCOME>                                   22,381            10,112         15,902
<EPS-PRIMARY>                                  1.33              0.64           1.00
<EPS-DILUTED>                                  1.32              0.64           0.99


</TABLE>