Parkway Announces Quarterly Dividend

ORLANDO, Fla., May 19, 2016 /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 29, 2016 to shareholders of record of Common Stock on June 15, 2016. This dividend is the 119th 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 34 office properties located in six states with an aggregate of approximately 14.0 million square feet of leasable space as of April 1, 2016.  Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 2.7 million square feet for third-party owners as of April 1, 2016.

Contact:David R. O'ReillyExecutive Vice President and Chief Financial Officer (407) 650-0593

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SOURCE Parkway Properties, Inc.