ORLANDO, Fla., Jan. 30, 2015 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) provided today the tax treatment for its 2014 distributions, as follows.



             Common Stock (CUSIP #70159Q10-4, ticker symbol PKY on the NYSE):


                                                                                       Total                               Total          Unrecaptured

    Record   Payment                                                                   Distribution Ordinary   Qualified   Capital Gain   Section 1250   Nondividend

    Date     Date                                                                      Per Share    Dividends  Dividends   Distribution   Gain (1)       Distributions (2)
    ----     ----                                                                      ---------    ---------  ---------   ------------   -------        ----------------

    03/12/14                                                                  03/26/14    $0.187500  $0.187500   $0.000000       $0.000000       $0.000000            $0.000000

    06/11/14                                                                  06/25/14    $0.187500  $0.187500   $0.000000       $0.000000       $0.000000            $0.000000

    09/10/14                                                                  09/24/14    $0.187500  $0.187500   $0.052750       $0.000000       $0.000000            $0.000000

    12/17/14                                                                  12/31/14    $0.187500  $0.151623   $0.000000       $0.035877       $0.000000            $0.000000

             Totals                                                                       $0.750000  $0.714123   $0.052750       $0.035877       $0.000000            $0.000000
                                                                                          =========  =========   =========       =========       =========            =========



    (1) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain Distribution.

    (2) Return of Capital

The Company did not incur any foreign taxes. Stockholders are urged to consult with their tax advisors as to their specific tax treatment of Parkway Properties, Inc. common distributions.

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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 51 office properties located in eight states with an aggregate of approximately 17.2 million square feet of leasable space at January 1, 2015. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 6.0 million square feet for third-party owners at January 1, 2015.

Contact:
Ted McHugh
Director of Investor Relations
(407) 650-0593

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SOURCE Parkway Properties, Inc.