Health Care Property Investors Inc.:

The Newport Beach health care real estate investment trust said funds from operations for the first quarter reached a record $43.9 million, or 84 cents a share, a gain of 76% from the $25 million, or 79 cents a share, for the first quarter of 1999. Net income totaled $26.9 million, or 52 cents a share, an increase of 76% from the $15.3 million, or 49 cents a share, for the year-earlier quarter. Revenue grew 66% to $82.3 million. The company acquired American Health Properties last year.