Reduced ceria (CeO 2−x) has a rich phase diagram comprising a variety of bulk phases with stoichiometries ranging from CeO 2 to Ce 2 O 3 as the reduction conditions are increased. Some observed reduced ceria (111) surface reconstructions are terminations of stable bulk phases, such as √ 7 × √ 7, whereas others are not associated with any known stable phases, namely, √ 7 × 3, 3 × 3, and √ 3 × √ 3. In this paper, we analyze different periodic reconstructions of reduced ceria (111) surfaces within a theoretical framework. We describe the surfaces of stable bulk phases and elucidate the structure of the observed periodicities not corresponding to terminations of known stable bulk phases. Extending the 3 × 3 and √ 3 × √ 3 terminations into a bulk structure, we find a new quasistable Ce 3 O 5 bulk phase, which explains both periodicities. On the contrary, the √ 7 × 3 surface structure cannot be extended into a bulk but stabilizes as a very thin overlayer. We also analyze other reported bulk structures with stoichiometry close to the Ce 3 O 5 one, namely, the C-type Ce 2 O 3+δ bulk phase, which cannot describe the observed terminations. Our goal is to provide a unified picture to describe the road map of CeO 2−δ (111) surface reconstructions and, when possible, their relationship to reduced ceria bulk phases.