Why do I have $SLG (+2.84%) in the portfolio?

SL Green is a stock I found while looking for a Realty Income alternative. Office Reit is of course opposite to the home office trend and also the debt is opposite to good and bad. And there is a clear downward trend the last years. But the management is aware of all this. Offices in Manhattan will, in my opinion, always be in demand (after all, it is Manhattan) and as the largest landlord, they naturally profit from this. In terms of share prices, the interest rate hikes punished the company even more. Thereupon there was a bottoming and a recovery the last few weeks, is in my opinion now fairly valued and think that they will settle there now. Economically, the company is now slowly but surely doing better and especially the cooperation with the casino is a secure source of income in the long term. This makes the share still relatively risky, but even with the sideways run, one makes through the dividend still good yield. In addition, my long investment time equals in my eyes the risk for me to some extent. In my portfolio, SL Green is quite overrepresented and I will not expand the position in any case for the time being.

Would I $SLG (+2.84%) recommend it to anyone now? Not at the current prices, and anyone who can't cope with volatility and turn around, certainly not. In any case, the dividend is juicy and in the event of a correction below €25 (possibly at the next interest rate hike), everyone can consider an entry, because the support at €20 stubbornly holds. In general, there are currently much better opportunities. On the watch list, however, the share can certainly with some.