Parkway Announces Quarterly Dividend

ORLANDO, Fla., Aug. 24, 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 September 30, 2015 to shareholders of record of Common Stock on September 16, 2015. This dividend is the 116th 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 44 office properties located in seven states with an aggregate of approximately 16.2 million square feet of leasable space at July 1, 2015. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 4.2 million square feet for third-party owners at July 1, 2015.

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

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SOURCE Parkway Properties, Inc.