The purpose of this study was to determine the effect of capital structure and profitability on firm value with dividend policy in property and real estate companies listed on the IDX. The sample of this research is 6 companies. The results obtained from this study are Capital Structure as measured by debt to equity ratio (DER) has no significant effect on firm value in property and real estate companies listed on the IDX for the period 2017 - 2022. Profitability as measured by return on equity (ROE) has a significant effect on firm value in property and real estate companies listed on the IDX for the period 2017-2022. Dividend policy (devidend payout ratio / DPR) is able to moderate the effect of debt to equity ratio (DER) on firm value in property and real estate companies listed on the IDX for the period 2017 - 2022. Dividend policy (devidend payout ratio / DPR) is able to moderate the effect of return on equity (ROE) on firm value in property and real estate companies listed on the IDX for the period 2017 - 2022.