Parkway Announces Quarterly Dividend

ORLANDO, Fla., May 14, 2015 /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 24, 2015 to shareholders of record of Common Stock on June 10, 2015. This dividend is the 115th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.75 per share.

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About Parkway Properties

Parkway Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust specializing in the acquisition, ownership, development 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 50 office properties located in seven states with an aggregate of approximately 17.1 million square feet of leasable space at April 1, 2015. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 4.3 million square feet for third-party owners at April 1, 2015.

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

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SOURCE Parkway Properties, Inc.