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Introduction Every company listed on the Bursa Malaysia has nearly identical objective that is to maximize company’s profit and to maximize shareholders’ wealth. To achieve this, the company must have sound financial planning; good financial decision, and improve profitability which will then increase the value of the firm. In order to obtain success, the company must have a well plan and execution of its capital structure. What is capital structure? Capital structure describes the specific mixture of long-term debt and equity the firm uses to finance its operation and growth. The risk and value of the firm will be affected by this mixture. Hence, it is often a challenging task for the finance managers to determine the optimal capital structure. An error free decision is critical to avoid an incorrect financing decision (Eriotis, Vasilou & Neokosmidi, 2007) and different levels of debt and equity used in capital structure suggest that managers may employ firm-specific strategies for improved performance (Gleason, Mathur, & Mathur, 2000). For this study, we will analyze 2 out of 85 property companies’ (which are listed on Bursa Malaysia) capital structure for the year 2010 and 2011. These two companies are IGB (Ipoh Garden Berhad) and Encorp Berhad. A. IGB (Ipoh Garden Berhad) Company’s Background IGB Corporation Berhad was incorporated on 12 November 1964 and listed in the main market of Bursa Malaysia on 9 October 1981. At the helm of the company is Tan Sri Abu Talib Othman (non-executive Chairman of the Board) and Chung Meng Tan (Group Managing Director and Executive Director). It business address is Level 32, The Gardens South Tower, Penthouse, Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur 59200. IGB involves in re... ... middle of paper ... ...sales will erase profit and may result in a net loss. But for both companies, there is no issue in these areas as both are enjoying good sales and continuous property development activities. In term of activity, both companies showed they are efficient in turning their inventory (the number of on-going projects) into sales. For financial leverage, IGB Corporation showed better result than Encorp. This may be due to the less number of activity undertaken by the company as well as the financial consideration for the projects undertaken is not as high as the capital expenditure for projects undertaken by Encorp Berhad for which the projects development are more recent.. In general overall finding of this study showed that both company are financially sound. This is proven through the number of projects and the result of properties sold before the project’s completion.