EX-12.2 4 skt10q3312013ex122.htm EXHIBIT
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 |