ORLANDO, Fla., Jan. 7, 2013 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) provided today the tax treatment for its 2012 distributions, as follows.

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

                                                          Total                               Total            Unrecaptured
          Record               Payment                 Distribution        Ordinary        Capital Gain        Section 1250              Nondividend
           Date                  Date                   Per Share          Dividends       Distribution          Gain (1)             Distributions (2)
           ----                  ----                   ---------          ---------       ------------           -------             ----------------
    03/14/12                         03/28/12                    $0.075000       $0.000000           $0.000000              $0.000000                   $0.075000
    06/13/12                         06/27/12                     0.075000        0.000000            0.000000               0.000000                    0.075000
    09/12/12                         09/26/12                     0.112500        0.000000            0.000000               0.000000                    0.112500
    12/12/12                         12/26/12                     0.112500        0.000000            0.000000               0.000000                    0.112500
                        Totals                                   $0.375000       $0.000000           $0.000000              $0.000000                   $0.375000
                                                                 =========       =========           =========              =========                   =========

    

    Series D Preferred Stock (CUSIP #70159Q40-1, ticker symbol PKY PrD on the NYSE):

                                                            Total                                         Total            Unrecaptured
          Record                Payment                 Distribution                  Ordinary        Capital Gain         Section 1250              Nondividend
           Date                  Date                     Per Share                  Dividends        Distribution           Gain (1)             Distributions (2)
           ----                  ----                     ---------                  ---------        ------------           -------               ----------------
    03/30/12                          04/16/12                     $0.500000                $0.000000            $0.000000              $0.000000                   $0.500000
    06/29/12                          07/16/12                      0.500000                 0.000000             0.000000               0.000000                    0.500000
    09/28/12                          10/15/12                      0.500000                 0.000000             0.000000               0.000000                    0.500000
    12/31/12                          01/15/13                      0.500000                 0.000000             0.000000               0.000000                    0.500000
                        Totals                                     $2.000000                $0.000000            $0.000000              $0.000000                   $2.000000
                                                                   =========                =========            =========              =========                   =========

    
    (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 and preferred distributions.

About Parkway Properties

Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the ownership of quality office properties in higher-growth submarkets in the Sunbelt region of the United States. Parkway owns or has an interest in 38 office properties located in nine states with an aggregate of approximately 10.0 million square feet of leasable space at November 1, 2012. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 11.6 million square feet for third-party owners at November 1, 2012.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at www.pky.com.

Contact:
Parkway Properties, Inc.
Thomas E. Blalock
Vice President of Investor Relations
Bank of America Center
390 N. Orange Avenue, Suite 2400
Orlando, FL 32801
(407) 650-0593
www.pky.com

SOURCE Parkway Properties, Inc.