<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000765880 <NAME> HEALTH CARE PROPERTY INVESTORS, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <CASH> 2,633 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 560,137 <DEPRECIATION> 107,689 <TOTAL-ASSETS> 550,283 <CURRENT-LIABILITIES> 0 <BONDS> 247,897 <COMMON> 26,671 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 241,901 <TOTAL-LIABILITY-AND-EQUITY> 550,283 <SALES> 0 <TOTAL-REVENUES> 73,531 <CGS> 0 <TOTAL-COSTS> 17,809 <OTHER-EXPENSES> 3,787 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 15,058 <INCOME-PRETAX> 36,877 <INCOME-TAX> 0 <INCOME-CONTINUING> 36,877 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 36,877 <EPS-PRIMARY> 1.38 <EPS-DILUTED> 1.38