Attached files
| file | filename |
|---|---|
| EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex323.htm |
| EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex321.htm |
| EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex311.htm |
| EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex322.htm |
| EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex312.htm |
| EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex314.htm |
| EX-10.1 - EXHIBIT 10.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex101.htm |
| EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q03312016ex324.htm |
| EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex313.htm |
| 10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q33116.htm |
| EX-12.2 - EXHIBIT 12.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312016ex12210-qonly.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, | |||||||
2016 | 2015 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 25,118 | $ | 33,843 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 2,709 | 2,719 | |||||
Amortization of capitalized interest | 158 | 513 | |||||
Interest expense | 14,884 | 13,089 | |||||
Portion of rent expense - interest factor | 609 | 536 | |||||
Total earnings | 43,478 | 50,700 | |||||
Fixed charges: | |||||||
Interest expense | 14,884 | 13,089 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 507 | 1,438 | |||||
Portion of rent expense - interest factor | 609 | 536 | |||||
Total fixed charges | $ | 16,000 | $ | 15,063 | |||
Ratio of earnings to fixed charges | 2.7 | 3.4 | |||||
(1) | Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests includes a $4.9 million gain on the sale of our outlet center in Fort Myers, Florida located near Sanibel Island and a $13.7 million gain on the sale of our equity interest in the Wisconsin Dells joint venture for the period ended March 31, 2016 and March 31, 2015, respectively. |