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Last $17.86 USD
Change Today +0.30 / 1.71%
Volume 1.6M
PKY On Other Exchanges
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

parkway properties inc (PKY) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/24/14 - $21.80
52 Week Low
05/5/15 - $16.03
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
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 Reportedly Exploring Options Including Sale

Parkway Properties Inc. (NYSE:PKY) is reportedly in the early stages of exploring strategic options including a sale. Parkway Properties is working with Bank of America Corp.’s Merrill Lynch and Wells Fargo & Co., said people who asked not to be identified because the information is private. Prospective buyers haven’t yet been invited to make offers, they said.

Parkway Properties, Inc. Completes Placement of $200 Million Unsecured Term Loan

Parkway Properties Inc. announced that it has closed a $200 million unsecured term loan. The term loan has a maturity date of June 26, 2020, and has an accordion feature that allows for an increase in the size of the term loan to as much as $400 million. Interest on the term loan is based on LIBOR plus an applicable margin, initially 1.35%. The term loan will have substantially the same operating and financial covenants as required by the company's current unsecured revolving credit facility. Wells Fargo Securities, LLC and PNC Capital Markets LLC acted as joint lead arrangers and Joint bookrunners on the term loan. In addition, Wells Fargo Bank, National Association acted as Administrative Agent; PNC Bank, National Association acted as Syndication Agent; and TD Bank, N.A. and U.S. Bank National Association acted as documentation agents. Other participating lenders include Bank of America, N.A., JPMorgan Chase Bank, N.A., KeyBank National Association, Raymond James Bank, N.A. and Trustmark National Bank.

Parkway Properties Inc. Declares Quarterly Dividend, Payable on June 24, 2015

Parkway Properties Inc. announced 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 the company’s shareholders of common stock and represents an annualized dividend rate of $0.75 per share.


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Valuation PKY Industry Range
Price/Earnings 49.8x
Price/Sales 4.2x
Price/Book 1.5x
Price/Cash Flow 8.6x
TEV/Sales NM Not Meaningful

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