Parkway Properties Q4 Loss Narrows - Quick Facts

(RTTNews) - Parkway Properties Inc. (PKY) Monday reported fourth-quarter funds from operations, or FFO, of $11.1 million or $0.15 per share, compared to a negative FFO of $31.33 million or $0.70 per share in the same period last year. Adjusted FFO for the quarter was $22.3 million or $0.31 per share. Recurring FFO for the quarter totaled $22.8 million or $0.31 per share. On average, 10 analysts polled by Thomson Reuters expected the company to report FFO of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Loss attributable to common stockholders narrowed to $8.56 million or $0.12 per share from $51.71 million or $1.16 per share last year. Revenues totaled $76.04 million, up from $56.35 million last year. Analysts expected revenues of $72.11 million. Looking ahead, the company has forecast full-year 2014 FFO in a range of $1.24 to $1.32 per share, with recurring FFO in the range of $1.27 to $1.35 per share. Analysts currently expect full-year FFO of $1.35 per share.