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EARNINGS PER SHARE (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Basic and Diluted        
Net income (loss) $ 952 $ 136,189 $ (2,588) $ 129,174
Loss (Income) Allocated to Noncontrolling Interests 629 (14,668) 3,038 (15,374)
Distributions to Preferred Shareholders (6,043) (6,044) (18,130) (18,131)
Dividends Paid on Unvested Restricted Shares and LTIP Units (122) (101) (361) (101)
Net (loss) income applicable to Common Shareholders $ (4,584) $ 115,376 $ (18,041) $ 95,568
DENOMINATOR:        
Weighted average number of common shares - basic (in shares) 40,012,965 39,465,645 39,831,101 39,325,679
Effect of dilutive securities:        
Restricted Stock Awards and LTIP Units (unvested) (in shares) 0 1,095,727 0 979,938
Contingently Issued Shares and Units (in shares) 0 401,401 0 364,489
Weighted average number of common shares - diluted (in shares) [1] 40,012,965 40,962,773 39,831,101 40,670,106
[1] (Loss) Income allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the “Operating Partnership” or “HHLP”) has been excluded from the numerator and the Class A common shares issuable upon any redemption of the Operating Partnership’s common units of limited partnership interest (“Common Units”) and the Operating Partnership’s vested LTIP units (“Vested LTIP Units”) have been omitted from the denominator for the purpose of computing diluted earnings per share because the effect of including these shares and units 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 (loss) income applicable to common shareholders.
The following table summarizes potentially dilutive securities that have been excluded from the denominator for the purpose of computing diluted earnings per share:
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Common Units and Vested LTIP Units5,685,932 5,153,282 5,766,093 5,227,200 
Unvested Stock Awards and LTIP Units Outstanding1,773,472 — 1,268,817 — 
Contingently Issuable Share Awards380,566 — 632,437 — 
Total Potentially Dilutive Securities Excluded from the Denominator7,839,970 5,153,282 7,667,347 5,227,200