BUZZ — Earnings resilience, tenant diversification — Berenberg starts Carmila at 'buy'
* Berenberg initiates Carmila with "buy", saying the French real estate firm's recent share underperformance does not reflect its earnings resilience, tenant diversification and solid balance sheet * Berenberg points out that apart from France (74.9%), Carmila has a sizeable exposure to Spain (20.2%) and Italy (4.9%) w