TANGER FACTORY OUTLET CENTERS, INC - FORM 10-Q - EX-12.2 - EXHIBIT 12.2

file	filename
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-12.1 - EXHIBIT 12.1 - TANGER FACTORY OUTLET CENTERS, INC	skt10q3312017ex12110-qonly.htm
10-Q - 10-Q - TANGER FACTORY OUTLET CENTERS, INC	skt10q3312017.htm

Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP 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.

TANGER FACTORY OUTLET CENTERS, INC - FORM 10-Q - EX-12.2 - EXHIBIT 12.2 - May 2, 2017