TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES Exhibit 12.1 Ratios of Earnings to Fixed Charges(in thousands, except ratios)  Three Months EndedEnded March 31,2010
                           
                           
                           2009Earnings before income (loss) from equity investees (1)
                           
                           $
                           3,071
                           
                           $
                           37,365AddDistributed income of unconsolidated joint ventures
                           
                           
                           301
                           
                           
                           168Amortization of previously capitalized interest
                           
                           
                           120
                           
                           
                           117Interest expense
                           
                           
                           7,948
                           
                           
                           11,210Interest portion of rent expense
                           
                           
                           404
                           
                           
                           419Earnings available for fixed charges
                           
                           $
                           11,844
                           
                           $
                           49,279Fixed charges:Interest expense
                           
                           $
                           7,948
                           
                           $
                           11,210Capitalized interest and capitalized amortization of debt issue costs
                           
                           
                           209
                           
                           
                           38Interest portion of rent expense
                           
                           
                           404
                           
                           
                           419Total fixed charges
                           
                           $
                           8,561
                           
                           $
                           11,667Ratio of earnings to fixed charges
                           
                           
                           1.4
                           
                           
                           4.2 (1) Earnings before income (losses) from equity investees for the
                     three month ended March 31, 2009 includes a $31.5 million gain on acquisition of previously held
                     unconsolidated joint venture interest.


TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES Ratios of Earnings to Combined Fixed Charges and Preferred Distributions(in thousands, except ratios)  Three Months EndedEnded March 31,2010
                           
                           
                           2009Earnings before income (losses) from equity investees (1)
                           
                           $
                           3,071
                           
                           $
                           37,365Add:Distributed income of unconsolidated joint ventures
                           
                           
                           301
                           
                           
                           168Amortization of previously capitalized interest
                           
                           
                           120
                           
                           
                           117Interest expense
                           
                           
                           7,948
                           
                           
                           11,210Interest portion of rent expense
                           
                           
                           404
                           
                           
                           419Earnings available for fixed charges and preferred distributions
                           
                           $
                           11,844
                           
                           $
                           49,279Fixed charges:Interest expense
                           
                           $
                           7,948
                           
                           $
                           11,210Capitalized interest and capitalized amortization of debt issue costs
                           
                           
                           209
                           
                           
                           38Interest portion of rent expense
                           
                           
                           404
                           
                           
                           419Total fixed charges
                           
                           $
                           8,561
                           
                           $
                           11,667Preferred distributions
                           
                           
                           1,406
                           
                           
                           1,406Total fixed charges and preferred distributions
                           
                           $
                           9,967
                           
                           $
                           13,073Ratio of earnings to fixed charges and preferred distributions
                           
                           
                           1.2
                           
                           
                           3.8 (1) Earnings before income (losses) from equity investees for the
                     three month ended March 31, 2009 includes a $31.5 million gain on acquisition of previously held
                     unconsolidated joint venture interest.