Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

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, 2012 and 2011 are as follows (in thousands, except per share data):

	2012
	First		Second		Third		Fourth
Revenues (other than gains)	$	50,797	$	54,605	$	59,589	$	61,526
Expenses		(45,130)		(47,523)		(51,136)		(106,327)
Operating income (loss)		5,667		7,082		8,453		(44,801)
Interest and other income		97		44		64		67
Interest expense		(9,244)		(8,536)		(8,521)		(9,033)
Gain on sale of real estate and other assets		-		-		548		-
Income tax (expense) benefit		(161)		11		7		(118)
Income (loss) from continuing operations		(3,641)		(1,399)		551		(53,885)
Income (loss) from discontinued operations		3,393		(524)		(330)		(85)
Gain on sale of real estate from discontinued operations		5,575		3,197		995		3,172
Net income (loss)		5,327		1,274		1,216		(50,798)
Noncontrolling interests		(622)		1,499		913		1,796
Net income (loss) attributable to Parkway Properties, Inc.		4,705		2,773		2,129		(49,002)
Dividends on preferred stock		(2,711)		(3,721)		(2,711)		(2,711)
Net income (loss) attributable to common stockholders	$	1,994	$	(948)	$	(582)	$	(51,713)
Net income (loss) per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.17)	$	(0.14)	$	(0.02)	$	(1.23)
Discontinued operations		0.26		0.10		-		0.07
Basic net income (loss) attributable to Parkway Properties, Inc.	$	0.09	$	(0.04)	$	(0.02)	$	(1.16)
Dividends per common share	$	0.075	$	0.075	$	0.1125	$	0.1125
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.17)	$	(0.14)	$	(0.02)	$	(1.23)
Discontinued operations		0.26		0.10		-		0.07
Diluted net income (loss) attributable to Parkway Properties, Inc.	$	0.09	$	(0.04)	$	(0.02)	$	(1.16)
Weighted average shares outstanding:
Basic		21,568		23,440		36,487		44,476
Diluted		21,568		21,440		36,387		44,476

	2011
	First		Second		Third		Fourth
Revenues (other than gains)	$	27,727	$	38,638	$	48,365	$	49,457
Expenses		(26,679)		(47,155)		(41,548)		(53,890)
Operating income (loss)		1,048		(8,517)		6,817		(4,433)
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		(5,001)		(15,928)		(1,069)		(13,017)
Loss from discontinued operations		(2,790)		(3,965)		(131,780)		(56,279)
Gain on sale of real estate from discontinued operations		-		4,292		2,275		11,258
Net loss		(7,791)		(15,601)		(130,574)		(58,038)
Noncontrolling interests		3,196		3,371		77,547		986
Net loss attributable to Parkway Properties, Inc.		(4,595)		(12,230)		(53,027)		(57,052)
Dividends on preferred stock		(2,187)		(2,443)		(2,711)		(2,711)
Net loss available to common stockholders	$	(6,782)	$	(14,673)	$	(55,738)	$	(59,763)
Net income per common share:
Basic:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.27)	$	(0.78)	$	(0.03)	$	(0.59)
Discontinued operations		(0.05)		0.10		(2.57)		(2.18)
Basic net loss attributable to Parkway Properties, Inc.	$	(0.32)	$	(0.68)	$	(2.59)	$	(2.77)
Dividends per common share	$	0.075	$	0.075	$	0.075	$	0.075
Diluted:
Loss from continuing operations attributable to
Parkway Properties, Inc.	$	(0.27)	$	(0.78)	$	(0.03)	$	(0.59)
Discontinued operations		(0.05)		0.10		(2.57)		(2.18)
Diluted net loss attributable to Parkway Properties, Inc.	$	(0.32)	$	(0.68)	$	(2.59)	$	(2.77)
Weighted average shares outstanding:
Basic		21,476		21,489		21,502		21,541
Diluted		21,476		21,489		21,502		21,541