Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q63016.htm |
| EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex324.htm |
| EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex323.htm |
| EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex321.htm |
| EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex314.htm |
| EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex313.htm |
| EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex311.htm |
| EX-12.1 - EXHIBIT 12.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q6302016ex12110-qonly.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, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 98,954 | $ | 57,156 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 7,468 | 5,535 | |||||
Amortization of capitalized interest | 317 | 298 | |||||
Interest expense | 28,684 | 26,177 | |||||
Portion of rent expense - interest factor | 1,168 | 1,067 | |||||
Total earnings | 136,591 | 90,233 | |||||
Fixed charges: | |||||||
Interest expense | 28,684 | 26,177 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 1,177 | 2,646 | |||||
Portion of rent expense - interest factor | 1,168 | 1,067 | |||||
Total fixed charges | $ | 31,029 | $ | 29,890 | |||
Ratio of earnings to fixed charges | 4.4 | 3.0 | |||||
(1) | Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests includes gain on previously held interest in acquired joint venture of $49.3 million and a $4.9 million gain on the sale of our outlet center in Fort Myers, Florida located near Sanibel Island for the period ended June 30, 2016. Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests includes a $13.7 million gain on the sale of our equity interest in the Wisconsin Dells joint venture for the period ended June 30, 2015. |