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 |
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