Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note N - Selected Quarterly Financial Data (Unaudited):

Summarized quarterly financial data for the years ended December 31, 2011 and 2010 are as follows (in thousands, except per share data):

	2011
	First			Second		Third				Fourth
Revenues (other than gains)	$	28,098		$	39,107	$	48,793			$		49,898
Expenses		(26,936)			(47,564)		(41,891)					(54,264)
Operating income (loss)		1,162			(8,457)		6,902					(4,366)
Interest and other income		324			437		87					90
Interest expense		(6,408)			(7,668)		(8,876)					(8,660)
Equity in earnings (loss) of unconsolidated joint ventures		35			44		(14)					(8)
Gain on sale of real estate		-			-		743					-
Income tax (expense) benefit		-			(224)		174					(6)
Loss from continuing operations		(4,887)			(15,868)		(984)					(12,950)
Loss from discontinued operations		(2,904)			(4,024)		(131,865)					(56,346)
Gain on sale of real estate from discontinued operations		-			4,292		2,275					11,258
Net loss		(7,791)			(15,600)		(130,574)					(58,038)
Noncontrolling interests		3,196			3,371		77,547					986
Net loss attributable to Parkway Properties, Inc.		(4,595)			(12,229)		(53,027)					(57,052)
Dividends on preferred stock		(2,187)			(2,443)		(2,711)					(2,711)
Net loss attributable to common stockholders	$	(6,782)		$	(14,672)	$	(55,738)			$		(59,763)
Net loss per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.30)		$	(0.81)	$	(0.06)			$		(0.63)
Discontinued operations		(0.02)			0.13		(2.53)					(2.15)
Basic net loss attributable to Parkway Properties, Inc.	$	(0.32)		$	(0.68)	$		(2.59)		$		(2.78)
Dividends per common share	$	0.075		$	0.075	$	0.075			$		0.075
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.30)		$	(0.81)	$		(0.06)		$		(0.63)
Discontinued operations		(0.02)			0.13				(2.53)			(2.15)
Diluted net loss attributable to Parkway Properties, Inc.	$	(0.32)		$	(0.68)	$		(2.59)		$		(2.78)
Weighted average shares outstanding:
Basic		21,476			21,489		21,502					21,521
Diluted		21,476			21,489		21,502					21,521
	2010
	First			Second		Third					Fourth
Revenues (other than gains)	$		24,076	$	24,143	$	24,704				$		23,919
Expenses	(21,416)			(21,092)		(21,013)					(25,628)
Operating income (loss)	2,660			3,051		3,691					(1,709)
Interest and other income	385			365		355					382
Interest expense	(4,908)			(4,966)		(5,241)					(5,156)
Equity in earnings of unconsolidated joint ventures	105			87		61					73
Income tax (expense) benefit						(176)					174
Gain on involuntary conversion	-			-		40					-
Loss from continuing operations	(1,758)			(1,463)		(1,270)					(6,236)
Income (loss) from discontinued operations	1,714			5,684		(11,436)					(7,160)
Gain on sale of real estate from discontinued operations	-			-		8,518					-
Net income (loss)	(44)			4,221		(4,188)					(13,396)
Noncontrolling interests	2,587			2,638		2,356					3,208
Net income (loss) attributable Parkway Properties, Inc.	2,543			6,859		(1,832)					(10,188)
Dividends on preferred stock	(1,200)			(1,200)		(1,737)					(2,188)
Net income (loss) attributable to common stockholders	$		1,343	$	5,659	$	(3,569)				$		(12,376)
Net loss per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$		(0.14)	$	(0.13)	$	(0.14)				$			(0.36)
Discontinued operations	0.20			0.39		(0.03)					(0.22)
Basic net income (loss) attributable to Parkway Properties, Inc.	$		0.06	$	0.26	$	(0.17)				$		(0.58)
Dividends per common share	$		0.075	$	0.075	$	0.075				$		0.075
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$		(0.14)	$	(0.13)	$	(0.14)				$		(0.36)
Discontinued operations	0.20			0.39		(0.03)					(0.22)
Diluted net income (loss) attributable to Parkway Properties, Inc.	$		0.06	$	0.26	$	(0.17)				$		(0.58)
Weighted average shares outstanding:
Basic	21,390			21,410		21,438					21,443
Diluted	21,509			21,410		21,438					21,443