EX-12.2 4 skt10q3312013ex122.htm EXHIBIT SKT 10Q 3.31.2013 EX 12.2


Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 
Three months ended March 31,
 
2013
 
2012
Earnings:
 
 
 
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests
$
15,639

 
$
10,286

Add:
 
 
 
Distributed income of unconsolidated joint ventures
293

 
237

Amortization of capitalized interest
127

 
127

Interest expense
12,876

 
12,334

Portion of rent expense - interest factor
511

 
516

Total earnings
29,446

 
23,500

 
 
 
 
Fixed charges:
 
 
 
Interest expense
12,876

 
12,334

Capitalized interest and capitalized amortization of debt issue costs
48

 
163

Portion of rent expense - interest factor
511

 
516

Total fixed charges
$
13,435

 
$
13,013

 
 
 
 
Ratio of earnings to fixed charges
2.2

 
1.8