Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex311.htm |
| EX-12.2 - EXHIBIT 12.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex12210-qonly.htm |
| EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex313.htm |
| EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex322.htm |
| EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex324.htm |
| EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex323.htm |
| EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex314.htm |
| 10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q93015.htm |
| EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex312.htm |
| EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q9302015ex321.htm |
Exhibit 12.1
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
Nine months ended September 30, | |||||||
2015 | 2014 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 99,903 | $ | 53,432 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 8,803 | 4,166 | |||||
Amortization of capitalized interest | 455 | 385 | |||||
Interest expense | 40,110 | 43,404 | |||||
Portion of rent expense - interest factor | 1,672 | 1,583 | |||||
Total earnings | 150,943 | 102,970 | |||||
Fixed charges: | |||||||
Interest expense | 40,110 | 43,404 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 3,250 | 3,897 | |||||
Portion of rent expense - interest factor | 1,672 | 1,583 | |||||
Total fixed charges | $ | 45,032 | $ | 48,884 | |||
Ratio of earnings to fixed charges | 3.4 | 2.1 | |||||
(1) | 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. |