EX-12.2 4 skt10q3312012ex122.htm TPLP RATIO OF EARNINGS TO FIXED CHARGES SKT 10Q 3.31.2012 Ex 12.2


Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP
RATIO OF EARNINGS TO FIXED CHARGES

 
 
Three Month Ended
 
 
March 31,
 
 
2012
 
2011
Earnings:
 
 
 
 
Income before equity in losses of unconsolidated joint ventures and noncontrolling interests
 
$
10,286

 
$
10,849

Add:
 
 
 
 
Distributed income of unconsolidated joint ventures
 
237

 
62

Amortization of capitalized interest
 
127

 
127

Interest expense
 
12,334

 
10,325

Portion of rent expense - interest factor
 
516

 
468

Total earnings
 
23,500

 
21,831

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expense
 
12,334

 
10,325

Capitalized interest and capitalized amortization of debt issue costs
 
163

 
241

Portion of rent expense - interest factor
 
516

 
468

Total fixed charges
 
$
13,013

 
$
11,034

 
 
 
 
 
Ratio of earnings to fixed charges
 
1.8

 
2.0