Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP

RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED UNIT DISTRIBUTIONS

	Nine Month Ended
	September 30,
	2011		2010
Earnings:
Income before equity in losses of unconsolidated joint ventures, discontinued operations and noncontrolling interests (1)	$	36,674	$	23,445
Add:
Distributed income of unconsolidated joint ventures	315		568
Amortization of capitalized interest	254		336
Interest expense	32,996		30,808
Portion of rent expense - interest factor	1,418		1,318
Total earnings	71,657		56,475
Fixed charges:
Interest expense	32,996		30,808
Capitalized interest and capitalized amortization of debt issue costs	317		1,139
Portion of rent expense - interest factor	1,418		1,318
Total fixed charges	$	34,731	$	33,265
Ratio of earnings to fixed charges	2.1		1.7
Earnings:
Income before equity in losses of unconsolidated joint ventures, discontinued operations and noncontrolling interests (1)	$	36,674	$	23,445
Add:
Distributed income of unconsolidated joint ventures	315		568
Amortization of capitalized interest	254		336
Interest expense	32,996		30,808
Portion of rent expense - interest factor	1,418		1,318
Total Earnings	71,657		56,475
Fixed charges and preferred share dividends:
Interest expense	32,996		30,808
Capitalized interest and capitalized amortization of debt issue costs	317		1,139
Portion of rent expense - interest factor	1,418		1,318
Preferred unit distributions	—		4,219
Total combined fixed charges and preferred unit distributions	$	34,731	$	37,484
Ratio of earnings to combined fixed charges and preferred unit distributions	2.1		1.5

(1) Income from continuing operations before losses from equity investees and noncontrolling interests for the nine months ended September 30, 2010 includes a $6.1 million loss on the termination of derivatives.