This study aimed to analyze the influence of institutional ownership, firm growth, profitability and asset structure of the debt policy on property, real estate and Building construction companies listed on the Stock Exchange period 2013-2016. The sampling method used in this research is purposive sampling. The number of samples in this study were 128 companies. Data analysis in this study using multiple linear regression with EViews. The results of this study prove that institutional ownership negative and significant effect on debt policy, firm growth has no significant effect on debt policy, profitability negative and significant effect on debt policy and asset structure has no significant effect on debt policy.