Parkway Inc.
PKY
New York Stock Exchange19.04
USD
-0.01
- -
CIK
0001677761
Return %
Stock
S&P500
1Y
- -
17.85
3Y
- -
64.56
5Y
- -
69.89
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- IPO Date
- May 3, 1973
- CIK
- 0001677761
- Similar Companies
- Business
- Parkway Inc. (PKY) operates as a privately held, vertically integrated real estate investment, operations, and management firm specializing in the acquisition, development, ownership, leasing, and management of commercial properties focused on office, industrial, and multifamily asset classes in high-growth Sunbelt submarkets. The company offers core services including value-add capital investments, tenant engagement, operational excellence, property management, REIT-level accounting and reporting via Yardi automation, and full-service platforms for institutional partners such as pension funds and family offices; its current portfolio exceeds 20 million square feet across these categories. Founded in 1971 and headquartered in Orlando, Florida, Parkway targets markets in states including Florida, Texas, California, Georgia, and Virginia, with a disciplined, data-driven strategy emphasizing micro-markets for long-term value creation. Recent developments include the sale of a 705,000-square-foot industrial building (LCP 200) at Lakeland Central Park to a global furniture manufacturer in 2024, paving the way for further expansion of the development; acquisition of a 22-acre site in Lake Nona, Orlando, for a $15 million mixed-use project in partnership with Silverpeak and Everest Equity Group; and announcements of ongoing Sunbelt-focused growth with over $4 billion in assets acquired since 2011. Parkway maintains its legacy as a top-performing publicly traded REIT through 2017—when it merged with an affiliate of the Canada Pension Plan Investment Board for $1.2 billion—while evolving into a private entity with institutional standards and entrepreneurial agility.