federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31, 2005 reconciliation of accumulated depreciation and amortization.

balance december 31 2002 | $450697000
additions during period 2014depreciation and amortization expense | 68125000
deductions during period 2014disposition and retirements of property | -4645000 (4645000)
balance december 31 2003 | 514177000
additions during period 2014depreciation and amortization expense | 82551000
deductions during period 2014disposition and retirements of property | -1390000 (1390000)
balance december 31 2004 | 595338000
additions during period 2014depreciation and amortization expense | 83656000
deductions during period 2014disposition and retirements of property | -15244000 (15244000)
balance december 31 2005 | $663750000

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what is the value of accumulated depreciation and amortization at the end of 2005? 663750000.0

what is the balance at the end of 2004? 595338000.0

what is the ratio of 2005 to 2004? 1.11491

what is that less 1?