diff --git a/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/declaration/FirPropertyFieldDeclarationChecker.kt b/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/declaration/FirPropertyFieldDeclarationChecker.kt
index 1c231c569bd..7a19d308d1a 100644
--- a/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/declaration/FirPropertyFieldDeclarationChecker.kt
+++ b/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/declaration/FirPropertyFieldDeclarationChecker.kt
@@ -35,7 +35,7 @@ object FirPropertyFieldTypeChecker : FirPropertyChecker() {
             reporter.reportOn(declaration.initializer?.source, FirErrors.PROPERTY_INITIALIZER_WITH_EXPLICIT_FIELD_DECLARATION, context)
         }
 
-        if (backingField.initializer is FirErrorExpression) {
+        if (backingField.initializer == null) {
             reporter.reportOn(backingField.source, FirErrors.PROPERTY_FIELD_DECLARATION_MISSING_INITIALIZER, context)
         }
 
diff --git a/compiler/fir/raw-fir/light-tree2fir/src/org/jetbrains/kotlin/fir/lightTree/converter/DeclarationsConverter.kt b/compiler/fir/raw-fir/light-tree2fir/src/org/jetbrains/kotlin/fir/lightTree/converter/DeclarationsConverter.kt
index 9848b6e4223..d65ce879afe 100644
--- a/compiler/fir/raw-fir/light-tree2fir/src/org/jetbrains/kotlin/fir/lightTree/converter/DeclarationsConverter.kt
+++ b/compiler/fir/raw-fir/light-tree2fir/src/org/jetbrains/kotlin/fir/lightTree/converter/DeclarationsConverter.kt
@@ -1351,18 +1351,16 @@ class DeclarationsConverter(
     ): FirBackingField {
         var modifiers = Modifier()
         var returnType: FirTypeRef = implicitType
-        var initializerExpression: LighterASTNode? = null
+        var backingFieldInitializer: FirExpression? = null
         this?.forEachChildren {
             when {
                 it.tokenType == MODIFIER_LIST -> modifiers = convertModifierList(it)
                 it.tokenType == TYPE_REFERENCE -> returnType = convertType(it)
-                it.isExpression() -> initializerExpression = it
+                it.isExpression() -> {
+                    backingFieldInitializer = expressionConverter.getAsFirExpression(it, "Should have initializer")
+                }
             }
         }
-        val backingFieldInitializer: FirExpression = expressionConverter.getAsFirExpression(
-            initializerExpression,
-            "Should have initializer"
-        )
         var componentVisibility = modifiers.getVisibility()
         if (componentVisibility == Visibilities.Unknown) {
             componentVisibility = Visibilities.Private
diff --git a/compiler/fir/raw-fir/psi2fir/src/org/jetbrains/kotlin/fir/builder/RawFirBuilder.kt b/compiler/fir/raw-fir/psi2fir/src/org/jetbrains/kotlin/fir/builder/RawFirBuilder.kt
index 24d3864a9e2..13573a816a3 100644
--- a/compiler/fir/raw-fir/psi2fir/src/org/jetbrains/kotlin/fir/builder/RawFirBuilder.kt
+++ b/compiler/fir/raw-fir/psi2fir/src/org/jetbrains/kotlin/fir/builder/RawFirBuilder.kt
@@ -477,11 +477,12 @@ open class RawFirBuilder(
                 Visibilities.Private
             }
             val status = obtainPropertyComponentStatus(componentVisibility, this, property)
-            val backingFieldInitializer = when (mode) {
-                BodyBuildingMode.LAZY_BODIES -> buildLazyExpression {
+            val backingFieldInitializer = when {
+                this?.hasInitializer() == false -> null
+                mode == BodyBuildingMode.LAZY_BODIES -> buildLazyExpression {
                     source = this@toFirBackingField?.initializer?.toFirSourceElement()
                 }
-                BodyBuildingMode.STUBS -> buildExpressionStub()
+                mode == BodyBuildingMode.STUBS -> buildExpressionStub()
                 else -> this@toFirBackingField?.initializer.toFirExpression("Should have initializer")
             }
             val returnType = this?.returnTypeReference.toFirOrImplicitType()