EXHIBIT 12.2 TPLP
Published on August 5, 2013
Exhibit 12.2
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Six months ended
June 30,
|
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2013 |
2012 |
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Earnings: |
|||||||
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests |
$ |
32,912 |
$ |
23,611 |
|||
Add: |
|||||||
Distributed income of unconsolidated joint ventures |
2,129 |
466 |
|||||
Amortization of capitalized interest |
256 |
255 |
|||||
Interest expense |
25,459 |
23,372 |
|||||
Portion of rent expense - interest factor |
1,018 |
1,032 |
|||||
Total earnings |
61,774 |
48,736 |
|||||
Fixed charges: |
|||||||
Interest expense |
25,459 |
23,372 |
|||||
Capitalized interest and capitalized amortization of debt issue costs |
453 |
514 |
|||||
Portion of rent expense - interest factor |
1,018 |
1,032 |
|||||
Total fixed charges |
$ |
26,930 |
$ |
24,918 |
|||
Ratio of earnings to fixed charges |
2.3 |
2.0 |