What happened

Units of Brookfield Property Partners (BPY) rose nearly 13% last month, according to data from S&P Global Market Intelligence. The real estate limited partnership bounced sharply off its lows of the past year, as the possibility of lower financing costs led investors to take a more favorable view of its near-term prospects.

So what 

After reaching a high of $21.15 on Sep. 21, Brookfield's units fell more than 20% by the end of December. The move coincided with a general decline in the market during that time.

^SPX Chart

^SPX data by YCharts

As the financial markets began to recover in January, Brookfield's units followed suit.

BPY Chart

BPY data by YCharts

Comments from Federal Reserve Chairman Jerome Powell in early January, suggesting that the central bank will take a more patient approach to interest rate increases, probably also contributed to Brookfield's gains. Financing costs are a major component of the real estate partnership's profit equation, and should interest rates remain lower for longer than expected, Brookfield's profits could be better than many investors are currently predicting.

Check out the latest Brookfield Property Partners earnings call transcript.

A person drawing a chart that rises, then falls, and then rises again

Image source: Getty Images.

Now what 

Brookfield Property Partners' units have risen another 2.5% so far in February. Whether these gains continue will largely be determined by what the company has to say on Feb. 7. Brookfield is set to release its fourth-quarter and full-year 2018 financial results that day. Investors may also want to tune into the company's conference call at 11 a.m. ET that same morning, to hear management's expectations for the year ahead.