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Last $16.40 USD
Change Today -0.02 / -0.12%
Volume 789.0K
PKY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

parkway properties inc (PKY) Snapshot

Open
$16.42
Previous Close
$16.42
Day High
$16.43
Day Low
$16.03
52 Week High
07/24/14 - $21.80
52 Week Low
05/5/15 - $16.03
Market Cap
1.8B
Average Volume 10 Days
634.5K
EPS TTM
$0.51
Shares Outstanding
111.5M
EX-Date
03/9/15
P/E TM
32.0x
Dividend
$0.75
Dividend Yield
4.57%
Current Stock Chart for PARKWAY PROPERTIES INC (PKY)

parkway properties inc (PKY) Related Businessweek News

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parkway properties inc (PKY) Details

Parkway Properties, Inc., a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. It operates and invests principally in office properties in the southeastern and southwestern United States and Chicago. The company also offers real estate services. As of April 1, 2005, Parkway Properties had an interest in 64 office properties located in 11 states. It leased office properties to approximately 1,317 customers that comprise various industries, including government agencies, banking, professional services, energy, financial services, and telecommunications. As a REIT, the company would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Parkway Properties is based in Orlando, Florida.

322 Employees
Last Reported Date: 02/25/15

parkway properties inc (PKY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $650.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $406.3K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $272.3K
Compensation as of Fiscal Year 2014.

parkway properties inc (PKY) Key Developments

Parkway Properties Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Loss on Real Estate; Revised Earnings Guidance for the Fiscal 2015

Parkway Properties Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $119.684 million against $104.113 million a year ago. Operating income was $12,277,000 against $9,952,000 a year ago. Income before income taxes was $7,806,000 against $887,000 a year ago. Income from continuing operations was $7,614,000 or $0.07 diluted earnings per share against $546,000 or $0.01 diluted earnings per share a year ago. Net income for the company and attributable to common stockholders was $7,275,000 or $0.07 diluted earnings per share against $10,845,000 or $0.11 diluted earnings per share a year ago. Funds from operations was $39,672,000 against $35,027,000 a year ago. Recurring funds from operations was $39,353,000 against $37,787,000 a year ago. FFO per share was $0.34 against $0.34 a year ago. Recurring FFO per share was $0.34 against $0.37 a year ago. EBITDA was $58,706,000 against $53,250,000 a year ago. EBITDA - annualized was $234,824,000 against $212,999,000 a year ago. EBITDA - adjusted annualized was $235,430,000 against $214,812,000 a year ago. Impairment loss on real estate was $1,000,000 for the first quarter of 2015. After considering the company's year-to-date performance and expected results for the remainder of the year 2015, as well as recently announced disposition activity, Parkway is tightening its 2015 FFO outlook to a range of $1.34 to $1.40 per diluted share for the Parkway Portfolio and adjusting its earnings per diluted share outlook to a range of $0.25 to $0.31 for the Parkway Portfolio. Recurring cash net operating income now expected to be $198,000 to $205,000 compared to in a range of $203,000 to $209,000 expected previously. Recurring same-store GAAP net operating income now expected to be of 2.5%-3.5%.

Parkway Properties Inc. to Report Q1, 2015 Results on May 04, 2015

Parkway Properties Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 04, 2015

Parkway Properties Inc., Q1 2015 Earnings Call, May 05, 2015

Parkway Properties Inc., Q1 2015 Earnings Call, May 05, 2015

 

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Industry Average

Valuation PKY Industry Range
Price/Earnings 45.8x
Price/Sales 3.9x
Price/Book 1.3x
Price/Cash Flow 7.9x
TEV/Sales NM Not Meaningful
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