Attached files
file | filename |
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EX-32.4 - EXHIBIT 32.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex324.htm |
EX-32.3 - EXHIBIT 32.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex323.htm |
EX-32.2 - EXHIBIT 32.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex322.htm |
EX-32.1 - EXHIBIT 32.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex321.htm |
EX-31.4 - EXHIBIT 31.4 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex314.htm |
EX-31.3 - EXHIBIT 31.3 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex313.htm |
EX-31.2 - EXHIBIT 31.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex312.htm |
EX-31.1 - EXHIBIT 31.1 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex311.htm |
EX-12.2 - EXHIBIT 12.2 - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017ex12210-qonly.htm |
10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC | skt10q3312017.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, | |||||||
2017 | 2016 | ||||||
Earnings: | |||||||
Income before equity in earnings of unconsolidated joint ventures and noncontrolling interests (1) | $ | 21,196 | $ | 25,118 | |||
Add: | |||||||
Distributed income of unconsolidated joint ventures | 2,473 | 2,709 | |||||
Amortization of capitalized interest | 170 | 158 | |||||
Interest expense | 16,487 | 14,884 | |||||
Portion of rent expense - interest factor | 609 | 609 | |||||
Total earnings | 40,935 | 43,478 | |||||
Fixed charges: | |||||||
Interest expense | 16,487 | 14,884 | |||||
Capitalized interest and capitalized amortization of debt issue costs | 520 | 507 | |||||
Portion of rent expense - interest factor | 609 | 609 | |||||
Total fixed charges | $ | 17,616 | $ | 16,000 | |||
Ratio of earnings to fixed charges | 2.3 | 2.7 |
(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 for the period ended March 31, 2016. |