EXHIBIT 12.2
Published on May 3, 2018
Exhibit 12.2
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Three months ended March 31, |
|||||||
2018 |
2017 |
||||||
Earnings: |
|||||||
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests |
$ |
21,491 |
$ |
21,196 |
|||
Add: |
|||||||
Distributed income of unconsolidated joint ventures |
2,198 |
2,473 |
|||||
Amortization of capitalized interest |
192 |
170 |
|||||
Interest expense |
15,800 |
16,487 |
|||||
Portion of rent expense - interest factor |
599 |
609 |
|||||
Total earnings |
40,280 |
40,935 |
|||||
Fixed charges: |
|||||||
Interest expense |
15,800 |
16,487 |
|||||
Capitalized interest and capitalized amortization of debt issue costs |
73 |
520 |
|||||
Portion of rent expense - interest factor |
599 |
609 |
|||||
Total fixed charges |
$ |
16,472 |
$ |
17,616 |
|||
Ratio of earnings to fixed charges |
2.4 |
2.3 |
|||||
Earnings: |
|||||||
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests |
$ |
21,491 |
$ |
21,196 |
|||
Add: |
|||||||
Distributed income of unconsolidated joint ventures |
2,198 |
2,473 |
|||||
Amortization of capitalized interest |
192 |
170 |
|||||
Interest expense |
15,800 |
16,487 |
|||||
Portion of rent expense - interest factor |
599 |
609 |
|||||
Total earnings |
40,280 |
40,935 |
|||||
Fixed charges and preferred unit distributions: |
|||||||
Interest expense |
15,800 |
16,487 |
|||||
Capitalized interest and capitalized amortization of debt issue costs |
73 |
520 |
|||||
Portion of rent expense - interest factor |
599 |
609 |
|||||
Preferred unit distributions |
— |
— |
|||||
Total combined fixed charges and preferred unit distributions |
$ |
16,472 |
$ |
17,616 |
|||
Ratio of earnings to combined fixed charges and preferred unit distributions |
2.4 |
2.3 |