JACKSON, Miss., May 10 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that its Board of Directors declared a
quarterly dividend of sixty-five cents ($.65) per share payable on June 27,
2007, to shareholders of record of Common Stock on June 13, 2007. This
dividend is the eighty-third (83rd) consecutive quarterly distribution to
Parkway's shareholders of Common Stock and represents an annualized
dividend rate of $2.60 per share.
The Board of Directors also declared a quarterly dividend of fifty
cents ($.50) per share payable on July 13, 2007 to shareholders of record
of Series D Preferred Stock on June 29, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
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 66 office
properties located in 11 states with an aggregate of approximately 13.3
million square feet of leasable space as of May 10, 2007. Included in the
portfolio are 17 properties totaling 2.5 million square feet that are owned
jointly with other investors, representing 19% 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 goal to transform its strategy from being an
owner-operator to being 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 1.2 million square feet for third party owners as of
May 10, 2007.
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:
Steven G. Rogers
President & Chief Executive Officer
William R. Flatt
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:
Steven G. Rogers, President & Chief Executive
Officer, or William R. Flatt, Chief Financial Officer, both of
Parkway Properties, Inc., +1-601-948-4091
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