- Parkway Properties is a REIT that acquires, owns, develops and manages quality office properties located in eight Sunbelt states. The portfolio contains 51 properties and 18.1 million sq. ft. of space.
- Parkway has a market capitalization of $2.18 billion, a 3.5% dividend yield and debt-to-enterprise value of 40%.
- We are not recommending the purchase of the stock, due to the elevated stock price, low dividend yield of 3.5% and premium to our NAV of 24%.