Interest expense has been raised from due to rate hikes.

Source: https://seekingalpha.com/article/4575323-hawk-on-a-wire-stock-market-and-sentiment-results?source=feed_all_articles

Interest expense increased to $10.5 million up from $4.8 million in last year's first quarter, reflecting our higher debt balance for borrowings obtained for the acquisitions and an increase in interest rates.

Source: https://seekingalpha.com/article/4577957-inotiv-inc-notv-q1-2023-earnings-call-transcript?source=feed_all_articles

Interest expense should be comparable year-to-year in the absence of debt-financed M&A or material prepayments.

Source: https://seekingalpha.com/article/4637729-flagship-communites-reit-manufacturing-value-through-cycle?source=feed_all_articles

Interest expense was up $710,000 from Q2, due to higher average borrowings during the quarter and higher rates.

Source: https://seekingalpha.com/article/4650491-caretrust-reit-inc-ctre-q3-2023-earnings-call-transcript?source=feed_all_articles