Financial distress is the decline stage on the company’s financial condition, poor stage of financial distress will lead to bankrupty of the company. This study aims to analyze the effect of leverage, liquidity, profitability and institusional ownership of financial distress. The sample in this study is property and real estate companies listed in Indonesia Stock Exchange period 2014-2018. This study uses purposive sampling as a sampling technique with a total sample used is 141 samples or 48 companies. The analytical tool used in this study is logistic regression with SPSS program. Based on the result of the research showed that leverage has a positive significant effect on the financial distress, liquidity do not have a significant effect on the financial distress, profitability has a negative significant effect on the financial distress, and intitusional ownership do not have a significant effect on the financial distress.