This research is intended to find out the influence of Good Corporate Governance to leverage and profitability of the company. The indicator of assessment for GCG is the size of the audit committee, the size of the board of directors, and the size of board independent commissioner as stated in the annual report of the property and real estate company periods of 2009-2013. The size of the sample for this research is 40 companies and the method of the sampling is purposive sampling. Analysis of data using Structural Equation Modeling (SEM) analysis with AMOS software. The model being used is a model that has passed the requirement criteria for Goodness Of Fit method and the one with the best result. The result of this research shows that GCG has a negative influence and is significant to profitability. GCG by leverage has a positive influence but not significant to profitability. Beside that leverage has a positive influence and very significant to profitability