Parkway Properties Inc – ‘10KSB40’ for 12/31/94 – EX-11

As of:  Friday, 3/31/95   ·   For:  12/31/94   ·   Accession #:  729237-95-11   ·   File #:  0-12505

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Annual Report — Small Business — [x] Reg. S-B Item 405   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB40     Annual Report -- Small Business -- [x] Reg. S-B       47±   205K 
                          Item 405                                               
 2: EX-11       Statement re: Computation of Earnings Per Share        1      5K 
 3: EX-21       Subsidiaries of the Registrant                         1      4K 
 4: EX-23       Consent of Experts or Counsel                          5     16K 
 5: EX-24       Power of Attorney                                      6     13K 
 6: EX-27       Financial Data Schedule (Pre-XBRL)                     1      6K 

EX-11   —   Statement re: Computation of Earnings Per Share

Exhibit (11) Statement Re: Computation of Per Share Earnings                    

    December 31          June 30
           -----------    --------------------
             1994         1994        1993
           -----------    --------    --------
                        (In thousands)

Fully diluted                                                                   
Average shares                                                              
outstanding...........        1,544       1,300       1,260             
Net effect of dilutive                                                      
stock options- Based                                                    
on the treasury stock                                                   
method using year-end                                                   
market price..........           37          35          36             
              --------    --------    --------
TOTAL...................        1,581       1,335       1,296               
              ========    ========    ========
Net income..............     $  1,005    $  1,303    $  2,712               
              ========    ========    ========
Per share amount........     $    .64    $    .98    $   2.09               
              ========    ========    ========

Note:                                                                           
The above dilution is less than 3% or anti-dilutive, thus earnings per share
are based on the average shares outstanding.