In the Properties panel, there are two types of text formatting that you can apply to text: character formatting and paragraph formatting. Character formatting, such as font and font size, applies to selected text or all of the text in a selected text frame. Paragraph formatting, such as alignment, applies formatting to entire paragraphs.
You can view text formatting in separate panels by choosing Type > Character or Type > Paragraph.
Select the Type tool in the toolbox and drag across text to select it.
In the Character section of the Properties panel, change the leading value to adjust the spacing between lines of text.
In the Paragraph section of the Properties panel, change formatting such as the text alignment.