Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES

Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

	Year ended December 31,
	2014		2013
Earnings:
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests	$	13,507	$	15,639
Add:
Distributed income of unconsolidated joint ventures	1,318		293
Amortization of capitalized interest	128		127
Interest expense	14,920		12,876
Portion of rent expense - interest factor	523		511
Total earnings	30,396		29,446
Fixed charges:
Interest expense	14,920		12,876
Capitalized interest and capitalized amortization of debt issue costs	832		48
Portion of rent expense - interest factor	523		511
Total fixed charges	$	16,275	$	13,435
Ratio of earnings to fixed charges	1.9		2.2