diff --git a/compiler/backend/src/org/jetbrains/jet/codegen/ExpressionCodegen.java b/compiler/backend/src/org/jetbrains/jet/codegen/ExpressionCodegen.java
index 33cea859795..9888174ac73 100644
--- a/compiler/backend/src/org/jetbrains/jet/codegen/ExpressionCodegen.java
+++ b/compiler/backend/src/org/jetbrains/jet/codegen/ExpressionCodegen.java
@@ -1510,9 +1510,11 @@ public class ExpressionCodegen extends JetVisitor<StackValue, StackValue> implem
         boolean isStatic = containingDeclaration instanceof NamespaceDescriptor;
         boolean overridesTrait = isOverrideForTrait(propertyDescriptor);
         boolean isFakeOverride = propertyDescriptor.getKind() == CallableMemberDescriptor.Kind.FAKE_OVERRIDE;
+        boolean isDelegate = propertyDescriptor.getKind() == CallableMemberDescriptor.Kind.DELEGATION;
         PropertyDescriptor initialDescriptor = propertyDescriptor;
         propertyDescriptor = initialDescriptor.getOriginal();
         boolean isInsideClass = !isFakeOverride &&
+                                !isDelegate &&
                                 (((containingDeclaration == null && !context.hasThisDescriptor() ||
                                    context.hasThisDescriptor() && containingDeclaration == context.getThisDescriptor()) ||
                                   (context.getParentContext() instanceof NamespaceContext) &&
diff --git a/compiler/testData/codegen/regressions/kt2786.kt b/compiler/testData/codegen/regressions/kt2786.kt
new file mode 100644
index 00000000000..7b813217918
--- /dev/null
+++ b/compiler/testData/codegen/regressions/kt2786.kt
@@ -0,0 +1,13 @@
+trait FooTrait {
+        val propertyTest: String
+}
+
+class FooDelegate: FooTrait {
+        override val propertyTest: String = "OK"
+}
+
+class DelegateTest(): FooTrait by FooDelegate() {
+  fun test() = propertyTest
+}
+
+fun box()  = DelegateTest().test()
diff --git a/compiler/tests/org/jetbrains/jet/codegen/PropertyGenTest.java b/compiler/tests/org/jetbrains/jet/codegen/PropertyGenTest.java
index 50337f22a69..a353f34a1e8 100644
--- a/compiler/tests/org/jetbrains/jet/codegen/PropertyGenTest.java
+++ b/compiler/tests/org/jetbrains/jet/codegen/PropertyGenTest.java
@@ -280,6 +280,11 @@ public class PropertyGenTest extends CodegenTestCase {
         blackBoxFile("regressions/kt2509.kt");
     }
 
+    public void testKt2786() throws Exception {
+        createEnvironmentWithMockJdkAndIdeaAnnotations(ConfigurationKind.JDK_ONLY);
+        blackBoxFile("regressions/kt2786.kt");
+    }
+
     public void testKt1528() throws Exception {
         createEnvironmentWithMockJdkAndIdeaAnnotations(ConfigurationKind.JDK_ONLY);
         blackBoxMultiFile("regressions/kt1528_1.kt", "regressions/kt1528_3.kt");