Blazor component not rendering when using method to change parameters

I have a .NET 8 blazor application with a render mode of InteractiveServer.

In the app there is a component with an IsShown parameter which is used by an if statement to render the content. If I update the parameter from the host page everything works as expected. Updating the property directly using a reference to the component has no effect. Adding StateHasChanged() has no effect.

Here is the host page. The first button works. The second and third do not.

<p><button @onclick="ShowUsingParameter">Show using parameter</button></p><p><button @onclick="ShowUsingProperty">Show using property</button></p><p><button @onclick="ShowUsingMethod">Show using method</button></p><ExampleComponent IsShown="isComponentShown" @ref="exampleComponent"></ExampleComponent>@code {    private bool isComponentShown;    private ExampleComponent exampleComponent;    void ShowUsingParameter()    {        isComponentShown = true;    }    void ShowUsingProperty()    {        exampleComponent.IsShown = true;        StateHasChanged();    }    void ShowUsingMethod()    {        exampleComponent.Show();    }}

And here is the component:

@if (IsShown){<h3>ExampleComponent</h3><button @onclick="() => IsShown = false">Hide</button>}@code {    [Parameter] public bool IsShown { get; set; }    public void Show()    {        IsShown = true;    }}