Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex322.htm |
| EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex324.htm |
| EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex323.htm |
| EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex321.htm |
| EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex314.htm |
| EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex313.htm |
| EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex311.htm |
| EX-12.1 - EXHIBIT 12.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302016ex12110-qonly.htm |
| 10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q93016.htm |
Exhibit 12.2
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Nine months ended September 30, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 171,013 | $ | 99,903 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 10,571 | 8,803 | |||||
Amortization of capitalized interest | 477 | 455 | |||||
Interest expense | 44,200 | 40,110 | |||||
Portion of rent expense - interest factor | 1,729 | 1,672 | |||||
Total earnings | 227,990 | 150,943 | |||||
Fixed charges: | |||||||
Interest expense | 44,200 | 40,110 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 1,782 | 3,250 | |||||
Portion of rent expense - interest factor | 1,729 | 1,672 | |||||
Total fixed charges | $ | 47,711 | $ | 45,032 | |||
Ratio of earnings to fixed charges | 4.8 | 3.4 | |||||
(1) | Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests includes gain on previously held interest in acquired joint ventures of $93.5 million associated with the acquisition of our Savannah and Westgate joint ventures, a $4.9 million gain on the sale of our outlet center in Fort Myers, Florida located near Sanibel Island, and $1.4 million gain on the sale an outparcel at our outlet center in Myrtle Beach, South Carolina located on Highway 501 for the period ended September 30, 2016. Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests for the period ended September 30, 2015, includes a total gain of $33.9 million on the sale of our equity interest in the Wisconsin Dells joint venture and the sales of our Kittery I and II, Tuscola, and West Branch outlet centers. |