Attached files
file | filename |
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10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q63015.htm |
EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex311.htm |
EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex323.htm |
EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex313.htm |
EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex312.htm |
EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex322.htm |
EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex321.htm |
EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex324.htm |
EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex314.htm |
EX-12.1 - EXHIBIT 12.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302015ex12110.htm |
Exhibit 12.2
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Six months ended June 30, | |||||||
2015 | 2014 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 57,156 | $ | 31,614 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 5,535 | 2,699 | |||||
Amortization of capitalized interest | 298 | 256 | |||||
Interest expense | 26,177 | 29,502 | |||||
Portion of rent expense - interest factor | 1,067 | 1,051 | |||||
Total earnings | 90,233 | 65,122 | |||||
Fixed charges: | |||||||
Interest expense | 26,177 | 29,502 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 2,646 | 2,125 | |||||
Portion of rent expense - interest factor | 1,067 | 1,051 | |||||
Total fixed charges | $ | 29,890 | $ | 32,678 | |||
Ratio of earnings to fixed charges | 3.0 | 2.0 |
(1) | Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests for the period ended June 30, 2015, includes a $13.7 million gain on the sale of our equity interest in the Wisconsin Dells joint venture. |