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Parkway Properties Announces First Quarter Conference Call

   Parkway Properties logo. (PRNewsFoto/Parkway Properties, Inc.) (Newscom TagID: prnphotos056035)

JACKSON, MS UNITED STATES
    JACKSON, Miss., March 26 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that it will release first quarter
earnings on May 5, 2008 and will hold its first quarter conference call on
May 6, 2008 at 11:00 a.m. Eastern Time. The Company's earnings release and
supplemental information package will be posted to the Company's website
prior to the conference call.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )

    You may participate in Parkway's first quarter earnings conference call
by dialing 877-879-6243 five to ten minutes prior to the scheduled start
time. A visual presentation will accompany the call and can be viewed at
http://www.pky.com and then by selecting the "1Q call" icon. A live audio
webcast will be available by selecting the webcast icon on the Company's
website. A taped replay of the call can be accessed 24 hours a day through
May 16, 2008 by dialing 888-203-1112, and using the passcode of 7487141. An
audio replay will also be archived and indexed in the Investor Relations
section of the Company's website at http://www.pky.com.

    Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a
self-administered real estate investment trust specializing in the
operation, leasing, acquisition, and ownership of office properties. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 69 office
properties located in 11 states with an aggregate of approximately 14.1
million square feet of leasable space as of March 26, 2008. Included in the
portfolio are 21 properties totaling 3.8 million square feet that are owned
jointly with other investors, representing 27.2% of the portfolio. Under
the Company's GEAR UP plan, which started January 1, 2006, and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.8 million square feet for third party owners as of March
26, 2008.

    Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at
http://www.pky.com.

    CONTACT: MANDY M. POPE


CHIEF FINANCIAL OFFICER (601) 948-4091
SOURCE Parkway Properties, Inc.




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Related links:
  • http://www.pky.com
    Photo Notes:
    NewsCom: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, photodesk@prnewswire.com
  • http://www.prnewswire.com/comp/103115.html/
    CONTACT:
    Mandy M. Pope, Chief Financial Officer of
    Parkway Properties, Inc., +1-601-948-4091