Exhibit 12.2

TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 
Three months ended March 31,
 
2018
 
2017
Earnings:
 
 
 
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests
$
21,491

 
$
21,196

Add:
 
 
 
Distributed income of unconsolidated joint ventures
2,198

 
2,473

Amortization of capitalized interest
192

 
170

Interest expense
15,800

 
16,487

Portion of rent expense - interest factor
599

 
609

Total earnings
40,280

 
40,935

 
 
 
 
Fixed charges:
 
 
 
Interest expense
15,800

 
16,487

Capitalized interest and capitalized amortization of debt issue costs
73

 
520

Portion of rent expense - interest factor
599

 
609

Total fixed charges
$
16,472

 
$
17,616

 
 
 
 
Ratio of earnings to fixed charges
2.4

 
2.3

 
 
 
 
Earnings:
 
 
 
Income before equity in earnings (losses) of unconsolidated joint ventures and noncontrolling interests
$
21,491

 
$
21,196

Add:
 
 
 
Distributed income of unconsolidated joint ventures
2,198

 
2,473

Amortization of capitalized interest
192

 
170

Interest expense
15,800

 
16,487

Portion of rent expense - interest factor
599

 
609

Total earnings
40,280

 
40,935

 
 
 
 
Fixed charges and preferred unit distributions:
 
 
 
Interest expense
15,800

 
16,487

Capitalized interest and capitalized amortization of debt issue costs
73

 
520

Portion of rent expense - interest factor
599

 
609

Preferred unit distributions

 

 
 
 
 
Total combined fixed charges and preferred unit distributions
$
16,472

 
$
17,616

 
 
 
 
Ratio of earnings to combined fixed charges and preferred unit distributions
2.4

 
2.3