Positioning and styling text with the Text inspector
Use this inspector to control the positioning and appearance of the selected shape's text.
With the horizontal alignment buttons, you can align left, center, align right, or justify the text. 
Click the font button to choose a font face and size. 
Click the color well to choose a font color. 
There are three buttons for controlling what happens when the shape contains more text than can be contained within its bounds. You can choose to let the text overflow outside of the shape, to clip off the text that doesn't fit inside the shape, or to resize the shape to make the text fit. If you choose resize, the object will only be manually resizable in the horizontal direction; it will resize vertically according to its text. Select the Wrap to shape checkbox to limit the text's width to the limits set by the Text Offset settings below. 
There are three buttons for setting the vertical alignment of the text; choose to align to the top, middle, or bottom of the shape. 
On the right side are controls for setting the Kerning (automatic character spacing for ideal balance), Tracking (manual character spacing), Leading (distance between lines), and Margins (distance between text and the edges of the text area). These controls become enabled or disabled depending on other controls in the inspector, or the amount of text in the object. At the bottom of the inspector is a box containing Text Offset and Text Rotation controls.
The X, Y, Width, and Height fields create a box, relative to the shape itself, into which the text goes. Select the Use default offsets checkbox to put the text in a box that begins at the upper-left corner (X and Y at 0%) and covers the entire shape (Width and Height at 100%). Deselect the checkbox to enter your own values. 
The text's rotation value in degrees can be Relative to the object's own rotation (as set in the Geometry inspector) or Absolute. Enter a rotation value in the field or drag the circular control to rotate the text.