Stock analysis for Apollo Commercial Real Estate Finance Inc (ARI:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Articles Supplementary designating Apollo Commercial Real Estate Finance, Inc.’s 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25.00 per share, par value $0.01 per share, incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on September 23, 2015 (File No. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend. Last Funding Type Post-IPO Debt. Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. Announces Dates for First Quarter 2021 Earnings Release and Conference Call GlobeNewswire. Apollo Commercial Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. To help provide a sense of the short to long-term trend, included is an interactive Apollo Commercial Real Estate Finance stock chart which you can easily adjust to the time frame of your choosing (e.g. View daily, weekly or monthly formats back to when Apollo Commercial Real Estate F stock was issued. Apollo Commercial Real Estate Finance, Inc., which has a market valuation of $2.09 Billion, is expected to release its quarterly earnings report Jul 28, 2021- Aug 02, 2021. NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on April 15, 2021 to common stockholders of record on March 31, 2021. Phone Number (212)515-3200. Read or listen to the conference call. Company Type For Profit. Stock Symbol NYSE:ARI. Announces Pricing of $500 Million of Senior Secured Notes GlobeNewswire Inc. - 6/15/2021 5:48:23 PM: Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend GlobeNewswire Inc. - 6/15/2021 4:15:00 PM 04:15 PM ET. Date Amount Type Yield Change Decl. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first … Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. Apollo Commercial Real Estate Finance Inc. (NYSE:ARI) went down by -3.10% from its latest closing price compared to the recent 1-year high of $16.94. : 001-34452). Date Rec. It is qualified as a REIT under the Internal Revenue Code. ARI Description — Apollo Commercial Real Estate Finance Inc. Apollo Commercial Real Estate Finance is a holding company and a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced with the completion of the Company’s investment activity in December, ARI has committed to and funded over $1.4 billion of investments in 2016, a record year for the Company. Apollo Commercial Real Estate Finance, Inc. (ARI) ... Dividend Stocks Real Estate Investment Trusts Master Limited Partnerships Preferred Stocks Dow 30 Dividend Stocks 25-Year Dividend Increasing Stocks 10-Year Dividend Increasing Stocks Tools Apollo Commercial Real Estate Finance, Inc. (ARI) Add to watchlist. : 001-34452). The following presents a detailed Apollo Commercial Real Estate Finance stock price history for your review. Articles Supplementary designating Apollo Commercial Real Estate Finance, Inc.’s 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25.00 per share, par value $0.01 per share, incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed on September 23, 2015 (File No. Apollo Commercial Real Estate Finance, Inc (ARI) Nasdaq Listed. Announces Pricing of $500 Million of Senior Secured Notes. Get Apollo Commercial Real Estate Finance Inc (ARI.A:undefined) real-time stock quotes, news, price and financial information from CNBC. Get today's Apollo Commercial Real Estate Finance Inc stock price and latest ARI news as well as Apollo Commercial RE Finance real-time stock quotes, technical analysis, full financials and more. It is qualified as a REIT under the Internal Revenue Code. Apollo Commercial Real Estate Finance Inc. [NYSE: ARI] gained 7.54% or 0.69 points to close at $9.84 with a heavy trading volume of 1207640 shares. 04:15 PM ET. Contact Email bgray@apollolp.com. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. ☐ Fee computed on table below per … We have a value-oriented approach across private equity, credit, and real estate. About Apollo Commercial Real Estate Finance, Inc. The cake we’ll be feasting on today is the Apollo Commercial Real Estate Finance (CUSIP 03762uab1) August 23, 2022, 4.75% coupon bonds. Chart, Quote and financial news from the leading provider and award-winning BigCharts.com. Apollo Commercial Real Estate Finance, Inc. Discover historical prices for ARI stock on Yahoo Finance. 14, 2021, 01:14 PM Finance Inc is around the top of the Real Estate sector according to InvestorsObserver.ARI received an overall rating of 90, which means that it scores higher than 90% of stocks. APOLLO COMMERCIAL REAL ESTATE FINANCE, INC., also called Apollo Commercial Real Estate Finance, is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. Apollo Commercial Real Estate Finance Inc (ARI) Q1 2020 Earnings Call Transcript ARI earnings call for the period ending March 31, 2020. 15.06.2021 - NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) - Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) … Apollo Commercial Real Estate Finance Inc. 06/15/2021 | Press release | Distributed by Public on 06/15/2021 14:19. On September 5, 2019, Apollo Global Management, LLC (“AGM LLC”) converted into a corporation named Apollo Global Management, Inc. (“AGM Inc.”), a “C corporation” for U.S. federal income tax purposes. +0.11 (+0.71%) DATA AS OF May 28, 2021. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. $15.65. Apollo Global Management is one of the largest alternative asset managers serving many of the world’s most prominent investors. It is qualified as a REIT under the Internal Revenue Code. Find real-time ARI - Apollo Commercial Real Estate Finance Inc stock quotes, company profile, news and forecasts from CNN Business. Operating Status Active. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. Morningstar Rating. About 1.32 … This business is structured as a real estate … Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein sold 12,509 shares of the stock in a transaction on Thursday, May 27th. The Notes will be the Company’s senior secured obligations and, at issuance, will be … View the latest ARI stock quote and chart on MSN Money. The company originates, acquires, invests in, and manages senior performing commercial mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other commercial real estate-related debt investments. NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company priced a private offering of $500 million in aggregate principal amount of 4.625% Senior Secured Notes due 2029 (the “Notes”), which represents a $100 million increase from the previously announced size of the offering. Apollo Commercial Real Estate Finance, Inc. Announces Redemption of 8.00% Series C Cumulative Redeemable Perpetual Preferred Stock How to buy Apollo Commercial Real Estate Finance In stock on Stash. Back. On 6/26/15, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: ARI.PRA) will trade ex … Read this content Click here to read the original version at the source's official website. Tuesday, March 16, 2021. Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend GlobeNewswire. View the latest ARI financial statements, income statements and financial ratios. Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter and Full Year 2020 Results ... Distributable Earnings for the fourth quarter were $0.15 per share of common stock. Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI) today announced the Company priced a private offering of $500 million in aggregate principal amount of 4.625% Senior Secured Notes due 2029 (the "Notes"), which represents a $100 million increase from the previously announced size of the offering. Rating as of Jun 15, 2021. View today's stock price, news and analysis for Apollo Commercial Real Estate Finance Inc. (ARI). NEW YORK, Sept. 12, 2019 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.46 per share of common stock, which is payable on October 15, 2019 to common stockholders of record on September 30, 2019. ARI-US's operating performance is relatively good compared to its peers. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first … The Annual Meeting of Stockholders (the "Annual Meeting") of Apollo Commercial Real Estate Finance, Inc. (the "Company") was held on June 8, 2021, at which 111,543,528 shares of the Company's common stock were represented in person or by proxy representing approximately 79.7% of the issued and outstanding shares of the Company's common stock entitled to vote. Apollo Commercial Real Estate Finance, Inc. (ARI) Add to watchlist. The Company primarily originates, acquires, invests in and manages performing commercial first … using the scroll bar or pinch and zoom on a touch screen). Date Pay. Apollo Commercial Real Estate Finance Inc (ARI) Dividend History. Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE: ARI) today announced the Board of Directors declared a … Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) CEO Stuart Rothstein sold 6,241 shares of the business’s stock in a transaction that occurred on Tuesday, May 25th. Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. ET by Tomi Kilgore Apollo … It is qualified as a REIT under the Internal Revenue Code. Additionally, Apollo Commercial Real Est. About Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. Quote Stock Analysis News Price vs Fair Value … The sale was disclosed in a legal filing with the SEC, which can […] As you may have guessed from its name, Apollo Commercial Real Estate Finance is a commercial real estate lender. Finance Inc. Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. Apollo Commercial Real Estate Finance, Inc. September 16, 2020 GMT NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on October 15, 2020 to common stockholders of record on September 30, 2020. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. Financial summary and company information for Apollo Commercial Real Estate Finance Inc ARI ... U.S. News has analyzed over 4,500 stocks to help investors reach their financial … Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend GlobeNewswire Inc. - 3/16/2021 4:15:00 PM: Apollo Commercial Real Estate Finance, Inc. to Present at Citi Global Property CEO Conference GlobeNewswire Inc. - 3/4/2021 8:00:00 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 2/10/2021 5:27:13 PM Apollo Commercial Real Estate Finance Inc (NYSE: ARI) shares fell -3.2850% to end trading Friday at $15.90 per share - a net change of $-0.54. Since 2009, Apollo's real estate credit group has invested over $47.0 billion of capital into commercial real estate debt investments, $16.0 billion of which was on behalf of ARI. We are led by an experienced team of senior real estate professionals who have significant experience in commercial property ownership and finance. Morningstar Rating. NYSE - NYSE Delayed Price. Apollo Commercial Real Estate Finance's next ex-dividend date has not been announced yet. Currency in USD Apollo Commercial Real Estate Finance, Inc. -- Moody's assigns Ba2 rating to Apollo Commercial Real Estate's senior secured notes Moodys Jun. It opened the trading session at $9.82, the shares rose to $9.94 and dropped to $9.21, the range by which the price of stock … The Company expects to grant the underwriters a 30-day option to purchase up to 2,250,000 additional shares of common stock. Download the investor presentation - earnings call slides. It is qualified as a REIT under the Internal Revenue Code. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States. Apollo Commercial Real Estate Finance Inc invests in, acquires, and manages various real-estate related debt investments across United States. Historical price to book ratio values for Apollo Commercial Real Estate Finance (ARI) over the last 10 years. Apollo Commercial originates and invests in senior notes, mezzanine loans, and other commercial real estate-related debt, having a portfolio of roughly $6.8 billion in loan amortization balances.As of Q1 2021, 84% of the company's portfolio is senior loans and includes loans both in the United States and Western Europe. Thursday, March 04, 2021. Data is currently not available. Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter and Full Year 2020 Results February 10, 2021 Board of Directors Authorizes $150 Million Increase to Share Repurchase Plan NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company has commenced a private offering of $400 million in aggregate principal amount of Senior Secured Notes due 2029 (the “Notes”). Apollo Commercial Real Estate Finance, Inc. to Present at Citi Global Property CEO Conference Read this content Click here to read the original version at the source's official website. Last update 06/14/2021. Apollo Commercial Real Estate Finance price upsized $500M notes offering Seeking Alpha - 6/15/2021 5:54:31 PM: Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (the “Company”) announced today that it has priced a $500 million senior secured term loan facility (the “Term Loan Facility”) at 99.5% of par, with an interest rate of LIBOR plus 2.75%, with a 0% LIBOR floor, and a seven-year term. Apollo Commercial Real Estate Finance Inc. ARI. NYSE - … The company's stock is publicly traded on the NYSE under the symbol 'APO'.. The New York-based mREIT primarily originates, acquires, invests in, and manages commercial real estate-related debt investments. Apollo Commercial Real Estate Finance's previous ex-dividend date was on 2021-03-30.Apollo Commercial Real Estate Finance shareholders who own ARI stock before this date received Apollo Commercial Real Estate Finance's last dividend payment of $0.35 per share on 2021-04-15. Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real estate investment trust that primarily originates and invests in senior mortgages and mezzanine loans collateralized by commercial real estate throughout the United States and Europe. Please refer to the Stock Price Adjustment Guide for … See which 3 stocks are most likely to make moves following their insider activities. Apollo. Investors need to pay close attention to Apollo Commercial (ARI) stock based on the movements in the options market lately. As the novel coronavirus causes turmoil in property markets, some of the most risk-hungry real estate lenders are starting to come under pressure. Founded Date 1990. Real-time trade and investing ideas on Apollo Commercial Real Estate Finance, Inc. ARI from the largest community of traders and investors. How has Apollo Commercial Real Estate Finance's share price performed over time and what events caused price changes? NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of … Fundamental Analysis on Apollo Commercial Real Estate Finance Inc Key ratios, Comparisons to Real Estate Investment Trusts Industry, Financial Sector, S&P 500 - CSIMarket Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (ARI) Add to watchlist. Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend NEW YORK , June 15, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on July 15, 2021 to common stockholders of … Enter the amount you'd like to invest in Apollo Commercial Real Estate Finance In stock, then proceed to checkout. The current price to book ratio for Apollo Commercial Real Estate Finance as of June 08, 2021 is 1.02 . The Company primarily originates, acquires, invests in and manages performing commercial first … Thursday, March 04, 2021. ARI - Apollo Commercial Real Estate Finance Inc. by GlobeNewsWire | Jun 15, 2021 | Globe Newswire | 0 comments Stocks with similar financial metrics, market capitalization, and price volatility to Apollo Commercial Real Estate Finance Inc are RWT, NYMT, LBRDA, TRTX, and LADR. ARI's SEC filings can be seen here. by GlobeNewsWire | Jun 14, 2021 | Globe Newswire | 0 comments Apollo Commercial Real Estate Finance, Inc.'s current Price/Book of 1.01 is about median in its peer group. Apollo Commercial Real Estate Finance Inc. sec form 4 filings insider trading, stock buying and selling. 08:01 AM ET NYSE - Nasdaq Real-time price. View the latest share news for APOLLO COMMERCIAL REAL ESTATE FINANCE INC and NYQ:ARI PR C CL RNS announcements, along with all the share chat by members of the Stockopedia community Apollo Commercial Real Est. More About Apollo Commercial Real Est. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a REIT that primarily invests in mezzanine loans, senior mortgages, and debt investments in the commercial real estate … Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported financial results for the quarter ended March 31, 2018. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the … Tuesday, March 16, 2021. Currently, 1.3% of the shares of the company are sold short. Press Release reported on 06/15/21 that Apollo Commercial Finance Inc scored a 81 in the Real Estate sector, ranking it higher than 81% of stocks in that sector. NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the … Latest Share Price and Events Stable Share Price : ARI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week. At Yahoo Finance, you get free stock quotes, the latest news, portfolio management resources, international market data, social interaction and mortgage rates to help you manage your financial life. Apollo Global Management, Inc., is a global alternative investment manager firm. The stock was sold at an average price of $15.62, for a total value of $195,390.58. Announces Dates for First Quarter 2021 Earnings Release and Conference Call GlobeNewswire. The company has a market capitalization of $2.13 billion, a PE ratio of 66.09 and a beta of 1.28. Shares traded between $16.27 and … Hermitage, TN 37076-8447. Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend GlobeNewswire. Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. Source finance.yahoo.com CONTACT:Hilary GinsbergInvestor Relations (212) 822-0767. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. News Highlights Business. Apollo Commercial Real Estate Finance, Inc. -- Moody's assigns Ba2 rating to Apollo Commercial Real Estate Finance, Inc.'s Term Loan B add-on Yahoo 02/25 12:54 ET Apollo Commercial Real Estate Finance Inc (ARI) Q4 2020 Earnings Call Transcript Business Description Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. Apollo Commercial Real Estate Finance, Inc. (ARI) Add to watchlist. About Apollo Commercial Real Estate Finance Inc. ()Apollo Commercial Real Estate Finance is a holding company and a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. Apollo Commercial Real Estate Finance, Inc. Ex-Div. NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company has commenced a private offering of $400 million in aggregate principal amount of Senior Secured Notes due… Apollo Commercial Real Estate Finance, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on July 15, 2021 to common stockholders of record on June 30, 2021. Apollo Commercial Real Estate Finance Inc (ARI) had a good day on the market for Thursday March 25 as shares jumped 1.65% to close at $14.21. A high-level overview of Apollo Commercial Real Estate Finance, Inc. (ARI) stock. Apollo Commercial Real Estate Finance, Inc. March 16, 2021 GMT NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.35 per share of common stock, which is payable on April 15, 2021 to common stockholders of record on March 31, 2021. NYSE - Nasdaq Real Time Price. ARI stock opened at $15.20 on Friday. Apollo Commercial Real Estate Finance Inc. Currency in USD. Apollo Commercial Real Estate Finance Inc. ARI. Rating as of Jun 11, 2021. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis.