Attached files

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EX-10.1 - EXHIBIT 10.1 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex101.htm
EXCEL - IDEA: XBRL DOCUMENT - TANGER FACTORY OUTLET CENTERS, INCFinancial_Report.xls
EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex313.htm
EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex321.htm
EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex323.htm
EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex312.htm
EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex322.htm
EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex314.htm
EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex311.htm
EX-12.2 - EXHIBIT 12.2 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex12210-qonly.htm
10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INCskt10q33115.htm
EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INCskt10q3312015ex324.htm
Exhibit 12.1

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
 
Three months ended March 31,
 
2015
 
2014
Earnings:
 
 
 
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests  (1)
$
33,843

 
$
13,507

Add:
 
 
 
Distributed income of unconsolidated joint ventures
2,719

 
1,318

Amortization of capitalized interest
513

 
128

Interest expense
13,089

 
14,920

Portion of rent expense - interest factor
536

 
523

Total earnings
50,700

 
30,396

 
 
 
 
Fixed charges:
 
 
 
Interest expense
13,089

 
14,920

Capitalized interest and capitalized amortization of debt issue costs
1,438

 
832

Portion of rent expense - interest factor
536

 
523

Total fixed charges
$
15,063

 
$
16,275

 
 
 
 
Ratio of earnings to fixed charges
3.4

 
1.9


(1)
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests for the period ended March 31, 2015, includes a $13.7 million gain on the sale of our equity interest in the Wisconsin Dells joint venture.