The YouTuber advises avoiding SLG due to its poor dividend history, including multiple cuts and a significant annualized decline. The stock has also shown a negative total return over five years, suffering from the broader real estate sell-off and its specific focus on Manhattan office properties, which have been hit hard post-pandemic.
“SL green is also focused on that office property in just one area of Manhattan that has really seen the worst of the post-pandemic transition... it's just still hard to see when that time will come so I would stick with some of these other real estate stocks on our list.”