Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013



	Three Months Ended				Six Months Ended
		June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
NUMERATOR:
Basic and Diluted*
Income (Loss) from Continuing Operations	$	20,667	$	10,100	$	13,151	$	(1,797)
(Income) Loss from Continuing Operations allocated to Noncontrolling Interests		(297)		(246)		369		386
Distributions to Preferred Shareholders		(3,589)		(3,500)		(7,433)		(7,000)
Dividends Paid on Unvested Restricted Shares		(227)		(130)		(469)		(214)
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Stock		-		-		(2,250)		-
Income (Loss) from Continuing Operations attributable to Common Shareholders		16,554		6,224		3,368		(8,625)

Discontinued Operations
(Loss) Income from Discontinued Operations		(2,582)		7,289		(2,742)		11,272
Income (Loss) from Discontinued Operations allocated to Noncontrolling Interests		87		(550)		94		(441)
(Loss) Income from Discontinued Operations attributable to Common Shareholders		(2,495)		6,739		(2,648)		10,831

Net Income (Loss) attributable to Common Shareholders	$	14,059	$	12,963	$	720	$	2,206

DENOMINATOR:
Weighted average number of common shares - basic		198,633,051		186,264,437		197,835,465		178,345,932
Effect of dilutive securities:
Restricted Stock Awards		2,372,903		553,037		1,480,158		-	*
Contingently Issued Shares		195,383		2,194,516		1,768,277		-	*
Option to acquire common shares		-		-		-		-	*
Weighted average number of common shares - diluted		201,201,337		189,011,990		201,083,900		178,345,932

* Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership has been excluded from the numerator and units of limited partnership interest in Hersha Hospitality Limited Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.

Potentially Dilutive Shares Excluded From The Denominator For The Purpose Of Computing Diluted Earnings Per Share



	Three Months Ended		Six Months Ended
	June 30, 2013	June 30, 2012	June 30, 2013	June 30, 2012

Common Units of Limited Partnership Interest	6,944,496	7,257,604	7,022,238	7,260,561
Contingently Issuable Share Awards	-	-	-	2,188,470
Options to Acquire Common Shares Outstanding	-	-	-	554,189
Total potentially dilutive securities excluded from the denominator	6,944,496	7,257,604	7,022,238	10,003,220