Exhibit 12
TAUBMAN CENTERS, INC.
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
(in thousands, except ratios)
		Six Months Ended June 30
		2010			2009
Earnings before income from equity investees (1)		$	16,367		$	27,334
Add back:
Fixed charges			79,297			77,355
Amortization of previously capitalized interest			2,266			2,279
Distributed income of Unconsolidated Joint Ventures			19,240			18,526
Deduct:
Capitalized interest			(59	)		(598	)
Preferred distributions			(1,230	)		(1,230	)
Earnings available for fixed charges and preferred dividends		$	115,881		$	123,666
Fixed charges:
Interest expense		$	75,340		$	72,706
Capitalized interest			59			598
Interest portion of rent expense			2,668			2,821
Preferred distributions			1,230			1,230
	Total fixed charges	$	79,297		$	77,355
Preferred dividends			7,317			7,317
Total fixed charges and preferred dividends		$	86,614		$	84,672
Ratio of earnings to fixed charges and preferred dividends			1.3			1.5
(1)	Earnings before income from equity investees for the six months ended June 30, 2009 includes a $2.6 million restructuring charge, which primarily represents the costs of terminations of personnel.