Parkway Announces Quarterly Dividend

ORLANDO, Fla., May 15, 2014 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that its Board of Directors has declared a quarterly dividend of $0.1875 per share, payable on June 25, 2014 to shareholders of record for Common Stock on June 11, 2014.  This dividend is the 111th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.75 per share.

About Parkway Properties

Parkway Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust specializing in the acquisition, ownership and management of quality office properties in higher growth submarkets in the Sunbelt region of the United States. Parkway owns or has an interest in 49 office properties located in eight states with an aggregate of approximately 17.6 million square feet at April 1, 2014. Parkway also offers fee-based real estate services which manage and/or lease approximately 11.3 million square feet for third parties as of April 1, 2014. Additional information about Parkway is available on the company's website at www.pky.com.

Contact:
Ted McHugh
Director of Investor Relations
(407) 650-0593  

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SOURCE Parkway Properties, Inc.



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