Context: The poetess is watching the Casuarina tree from her window which looks very beautiful.
Explanation: The poetess says that the Casuarina tree is very dear to her not because it is splendid but because it reminds her of those happy days when she used to play under the tree with her friends. The poetess says that the tree will always remain dear to her as it is associated with her friends whom she loves extremely. The poetess hopes that the tree will ever grow in memory of her friends but she will shed tears as she misses them all.