Edition:
United States

Parkway Inc (PKY.N)

PKY.N on New York Stock Exchange

20.15USD
28 Apr 2017
Change (% chg)

$-0.12 (-0.59%)
Prev Close
$20.27
Open
$20.32
Day's High
$20.32
Day's Low
$20.01
Volume
80,984
Avg. Vol
83,908
52-wk High
$26.20
52-wk Low
$16.39

Latest Key Developments (Source: Significant Developments)

Parkway reports Q4 FFO per share $0.32
Thursday, 23 Feb 2017 04:34pm EST 

Parkway Inc : Parkway reports fourth quarter 2016 results . Q4 non-GAAP FFO per share $0.48 excluding items . Q4 FFO per share $0.32 . Sees recurring FFO per diluted share for 2017 $1.49- $1.59 .Sees 2017 reported ffo per diluted share $1.34-$1.44.  Full Article

Parkway agrees to sell 49pct interest in Houston Greenway Portfolio
Friday, 17 Feb 2017 07:03pm EST 

Parkway Inc : Parkway agrees to sell 49pct interest in Houston Greenway Portfolio . Parkway Inc - deal for $512.1 million, or an implied $210 per square foot . Parkway Inc - expects to record an impairment loss of approximately $25.0 million in q1 of 2017 related to joint venture transaction . Parkway-Proceeds to Parkway are expected to be about $315.8 million, which includes new debt placement,assumed payoff of Co's $350.0 million existing term loan .Parkway - at closing, co intends to terminate existing revolver, term loan credit facility, prepay $350.0 million outstanding balance using proceeds from JV.  Full Article

Canada Pension Plan Investment Board signs agreement to acquire 24.5% interest in houston office portfolio
Friday, 17 Feb 2017 06:29pm EST 

Canada pension plan investment board : Canada pension plan investment board signs agreement to acquire 24.5% interest in houston office portfolio . Transaction values 100% of property at us$1.045 billion . To acquire an interest in greenway plaza and phoenix from parkway for an equity investment of us$141 million .Parkway will continue to operate greenway portfolio, will provide property management and leasing services for JV.  Full Article

Parkway agrees to sell 49pct interest in Houston Greenway Portfolio
Friday, 17 Feb 2017 06:19pm EST 

Parkway Inc : Parkway agrees to sell 49pct interest in Houston Greenway Portfolio . Parkway Inc - deal for $512.1 million, or an implied $210 per square foot . Parkway Inc - expects to record an impairment loss of approximately $25.0 million in q1 of 2017 related to joint venture transaction . Parkway-Proceeds to Parkway are expected to be about $315.8 million, which includes new debt placement,assumed payoff of Co's $350.0 million existing term loan .Parkway - at closing, co intends to terminate existing revolver, term loan credit facility, prepay $350.0 million outstanding balance using proceeds from JV.  Full Article

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BRIEF-Parkway reports Q4 FFO per share $0.32

* Sees 2017 reported ffo per diluted share $1.34-$1.44 Source text for Eikon: Further company coverage: